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Grupo Televisa stake in Univision rising in value amid rumors, says Maxim

Following a report that Univision has been in early takeover talks with CBS (CBS) and Time Warner (TWX), Maxim estimates that Grupo Televisa's (TV) 37% stake in the company should be worth about $7 per share at a $20B valuation for the Spanish language broadcaster. Maxim also thinks the report of a potential Univision bid highlights the value of Hemisphere Media (HMTV). The firm keeps its Buy ratings on both Grupo Televisa and Hemisphere Media.