The company has been privately owned for more than a decade and investors have sought at least a partial exit, which could previously have come via an initial public tender.
To claim that the American Hispanic audience "represents one of the few few growth opportunities in today's media," Univision Communications said Wednesday it will entertain offers from potential buyers.
The Spanish-language television company has said it has engaged Morgan Stanley, Moelis & Co. and LionTree as financial advisors, which the board reviews "strategic opportunities for the company."
Univision has been privately owned for more than a decade and investors like Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, have sought at least a partial exit, which could previously have come through an initial public tender.
Univision sometimes deduced its IPO effort and 1
Univision hoped that an IPO could have valued the company at $ 20 billion, and in 2017 it had rejected a bid of up to $ 15 billion from John Malone controlling Lionsgate, Starz, Sirius XM Radio, and other media assets.
While Univision under Falco had acquired English-language assets such as onions, life-jacks, deadspin and jezebel during sadusky, univision has shed these subsidiaries.
The Wall Street Journal who first reported the news of Univision's interest in selling, notes that its owners bought the company for $ 13.7 billion. Dollars in 2006, and the company had debt of its 7.4 billion. end of 2018.
"Univision is strategic, operational and financially strong, focusing on serving our core consumers as well as our advertising and distribution partners," said Sadusky on Wednesday.
In its announcement on We Day, Univision boasted that the "coveted American Latin American demographic", where it dominates, is expected to grow from 57 million to 77 million by 2030.
"The current environment favors scales and platforms offerings And we believe the major media companies that fail to recognize and capitalize on this unique opportunity in Spanish-language media will be left behind, "Sadusky said.