Sun. Feb 23rd, 2020

The Univision chain negotiates its sale to a group of investors, according to the WSJ



Univision, the Hispanic television network with the largest audience in the United States, is negotiating its sale to a group of investors led by a former Viacom executive, The Wall Street Journal (WSJ) reported Friday.

The newspaper, which quotes anonymous sources familiar with the situation, notes that the talks are “exclusive” and that the sales process in which Univision has been involved for months could be nearing its end.

In any case, the WSJ stresses that there is no guarantee that the two parties will finally reach an agreement.

According to the newspaper, Univision is pursuing a sale for about 10,000 million dollars, including its debt, and in recent months it has received interest from several firms.

The group of investors that is currently negotiating with the chain includes the former chief financial officer of the Viacom media conglomerate, Wade Davis, and the Searchlight Capital Partners investment fund, the WSJ notes.

According to previous information, it is expected that if this group is done with the chain, Davis will be the new CEO of the company.

Univision, which has its headquarters in New York but much of its operations near Miami, is owned by a group of investors who in recent years has repeatedly explored getting rid of the chain.

Its main rival in the US Hispanic market is Telemundo, owned by the NBC Universal group, which in turn is controlled by the media and telecommunications giant Comcast.

.



Source link