Monday, June 16, 2014

Report: Carlos Slim Eyes A Bid For Univision

Carlos Slim
Haim Saban’s efforts to sell Univision Communications included talks with billionaire investor Carlos Slim Helú, The NY Post has learned.

Mexico-based Slim, one of the wealthiest persons in the world, whose holdings include media assets, is said to be weighing a bid for the large Spanish-language TV network, sources said.

“Carlos Slim could just come in and buy the whole thing,” said one source close to the owners, although foreign nationals are limited to holding 25 percent of US media companies.

Slim, worth $68 billion, couldn’t be reached for comment.

Comcast and Netflix were also approached about buying the property, according to the source.

Both parties declined comment, but insiders at both companies suggested there was no interest.

Comcast owns Telemundo, Univision’s biggest rival, and Netflix is starting its own Spanish-language original programming operation.

Saban, part of an investment group that bought Univision in 2007, also had talks with CBS and Time Warner about buying the network, the Wall Street Journal reported Thursday.

The owners are looking for about $20 billion for Univision, the Journal reported.

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