Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
NEW YORK The Bill and Melinda Gates Foundation sold 100,000 shares of Univision Communications Inc. Class A common stock on Dec. 18, according to a U.S. regulatory filing on Friday.
The foundation said it sold its remaining stake in Univision, which is in the process of being acquired by private investors, for an average of $35.34 per share in open-market transactions.
In May, Gates’ Cascade Investment, a private investment entity, had joined Mexico’s Grupo Televisa and other equity firms in a failed bid to buy Univision.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in