Shareholders Approve Net's Sale

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NEW YORK Univision shareholders have approved the acquisition of the company by an investor group that includes Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group for $36.25 per share in cash, or a total of $13.7 billion, including the assumption of $1.4 billion in debt.

The merger agreement was approved today at a special meeting of company shareholders by more than 80 percent of the shares that voted, which constituted more than 60 percent of the total outstanding shares.

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