Report: Univision Up For Sale, Actively Seeking Suitors
June 12, 2014 at 5:35 PM (PT)
UNIVISION COMMUNICATIONS INC. is on the block, as the WALL STREET JOURNAL reports that its owners have held preliminary discussions with several media powers such as CBS CORP. and TIME WARNER INC. Controlled by a consortium of investors led by billionaire HAIM SABAN, the reported asking price is more than $20 billion.
The group bought UNIVISION for $13.7 billion, including debt, in early 2007. The longtime dominant Spanish-language broadcaster in the U.S., there were indications that the company would seek an IPO in 2015, paving the way for them to exit, though those plans aren't set yet. The owners had also looked to Mexican media conglomerate GRUPO TELEVISA, but "the regulatory climate for a TELEVISA acquisition remains uncertain."