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KKR, Blackstone Drop Out of Univision Auction

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Univision's auction got dicier this morning on news that KKR and Blackstone were dropping out of the consortium they had formed to bid on the US's largest Spanish language media company. The official story is that KKR and Blackstone had "valuation differences" with the rest of the group, meaning they couldn't agree on how much Univision was worth. CNBC is saying that a bid will come today from the rest of Grupo KKRCCBB.

Univision Sale Set Back as KKR, Blackstone Drop Out