The US’s largest Latino media firm Univision could be up for sale as sources report that the company’s private equity owners have been in acquisition discussions, according to reports.
Potential buyers include CBS Corp. and Time Warner, the sources said, and the conglomerate could fetch more than $20 billion.
Univision operates dozens of television and radio stations as well as other digital media properties. While the company was rumored to be mulling an initial public offering, the latest suggests an acquisition is the preferred method to score financial benefits after its owners acquired the company for $13.7 billion in 2007.
The same sources also said Univision’s owners may also consider divesting Grupo Televisa, a major Mexican media group.
Full content: USA Today
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