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June 27, 2006

Providence Equity Partners in group to buy Univision

A buyout group including Providence Equity Partners will pay $12.3 billion for Univision Communications, the country's largest Spainish language broadcaster.

Providence Equity Partners, which is based here and manages about $9 billion in investments in media and communcations companies, combined with three other investment companies to win Univision.

Univision controls about 80 percent of the Spanish-language TV market in the United States.

-- Bloomberg

Posted by Peter Phipps  at 7:07 AM | Permalink

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