This wasn't the way the script was written. Univision
Apparently, reality is intruding upon that plan.
What we know now is this: There's a bid on the table from one group (which includes the man who brought us the Power Rangers) for a bit less than $11 billion, and the other bidding group seems to be unraveling. This other group is the one that contains GrupoTelevisa
So, where do we go from here?
First of all, the Televisa group isn't dead yet. A private equity group backed by Microsoft's
Let's also not forget one very real potential option: Univision can pull itself off the auction block. This is, after all, a solvent and growing company that has a headlock on one of the fastest-growing demographics in this country. If it can't get a price it believes is fair, you can absolutely argue that the board has a duty to shareholders not to sell out for an inferior price.
I really have no idea how this is all going to sort itself out, and that's precisely why I'm not a fan of playing into these buyout stories. There are just too many things that can go wrong, and usually not enough things that can go right to justify ordinary investors taking a risk on these ideas. But keep an eye on the story -- the thought of an independent Univision may be bad for the stock today, but maybe not so bad for investors tomorrow.
For more Foolish thoughts on broadcasting:
Microsoft is a Motley Fool Inside Value recommendation. Take the newsletter for afree 30-day spin.
Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).