Hit #102

Univision (UVN) finally agreed to a deal, selling itself for $11.1 billion in cash, to a group of private equity investors. The deal values Univision shares at $36.5/share, a gain of 29.3% over my average cost of $28.03/share.

The auction has been ongoing for a while. A higher bid from Grupo Televisa is still possible. A good way to invest the proceeds from Univision ? Buy shares of Grupo Televisa (TV).

I had more to say about Univision in another recent post.

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