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Televisa Rallies on Speculation Univision Stake Gaining Value
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Grupo Televisa SAB, Mexico’s largest TV provider, posted the best return on the country’s benchmark index on speculation its stake in Univision Communications Inc. is worth more than previously estimated.
The shares advanced 1.9 percent to 89.46 pesos today in Mexico City after earlier jumping as much as 4.6 percent to the highest intraday price since at least 1994. Mexico’s IPC stock gauge retreated 0.3 percent.