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TESS VIGELAND: At least two groups of investors were expected to bid for the largest Spanish language media company in the US.

But the New York Times reports a consortium led by Mexico's Televisa failed to submit an offer by the midnight deadline. A member of that consortium, the Carlyle Group, balked at the price and pulled out of the deal at the last minute.

Another private equity group did make an offer.

Univision is expected to waive the deadline and allow Televisa to go ahead with a bid.

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