You will be redirected back to your article in seconds

The accent’s on restraint, so far

Most bets are on Televisa to nab Univision

The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela.

Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter.

The likelier contender Televisa had to scramble when three of its five equity partners backed out.

That in itself was odd, given that the consortium had been planning their move for months — and, given stock market conditions and Univision’s own prospects, the price target seemed to have slipped rather than risen over the last few weeks. Apparently they couldn’t agree on what the company, which owns TV and radio stations that target the Hispanic population, is really worth.

Univision’s wily owner Jerrold Perenchio had hoped for $14 billion for the numero uno Hispanic net, but last week’s low-balling valued the company at closer to $11 billion.

Despite regulatory issues, most bets are on Televisa, which already has an 11% stake and a longterm programming deal with Univision, to prevail. But, it’s still early days and the games may have just begun.

More TV

  • Golden Globes Nominations: New TV Series

    Golden Globe TV Nominations Analysis: Spotlight Shines on Newbie Comedies, Netflix

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

  • Golden Globes 2018 Nominations: First-Time Nominees

    Golden Globes Nominations: First-Timers Break Through

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

  • 2018 Golden Globe Nominations Scorecard by

    Golden Globes Leaderboard: 'Shape of Water,' Fox Searchlight Top List of Nominees

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

  • Mario Batali

    Mario Batali Out as Co-Host of 'The Chew' Amid Sexual Harassment Allegations

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

  • Golden Globe Nominations

    Golden Globe Nominations: Complete List

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

  • Golden Globes Placeholder

    How to Watch the Golden Globe Nominations Live

    The first salvo in the auction for Hispanic broadcaster Univision dissolved last week into as many twists as a telenovela. Both initial bidders, a consortium led by Televisa and a rival headed by Haim Saban, missed the official deadline for lodging an offer, though Saban did place a bid several hours thereafter. The likelier contender […]

More From Our Brands

Access exclusive content