Grupo Televisa, investment firms Bain Capital, Blackstone Group, Carlyle Group and KRR are said to be exploring a joint bid for U.S. Spanish-language broadcaster Univision.
Televisa declined to comment on the news reports Thursday. The Mexican media giant is a major Univision shareholder and the U.S. group’s major programming supplier.
It’s been eyeing a deal since Univision put itself on the block early this year. But U.S. regs on foreign broadcast ownership — capped at 25% — mean it can’t do the deal without partners.
A number of other firms have also been circling and multiple bids are expected later this month as the Spanish-language market is viewed as a hot space in the media world.
As for possible strategic buyers, CBS Corp. chief Leslie Moonves and News Corp.’s Rupert Murdoch have both bowed out. The price tag could top $12 billion. And a deal would put both of those congloms well over the current FCC cap on stations ownership.
Murdoch noted Wednesday that a Univision buy would leave News Corp. with four stations in major markets.