Televisa Mulls Sale of Univision Stake

Grupo Televisa(TV Quote) says it will not be "rolling over its shares" in Univision(UVN Quote) as part of the company's sale process.

Univision last Tuesday agreed to a $12.3 billion, $36.25-a-share acquisition by a group including Madison Dearborn, Thomas H. Lee Partners, Providence Equity, Texas Pacific and Haim Saban. The decision shut the door on a rival bid by Televisa and its partners.

Televisa holds an 11.4% stake in Univision. The Mexican telenovela programmer said it is prepared to discuss a sale of its shares of Univision "as soon as possible based on the present value of the price per share set forth in the merger agreement." ...