Univision considering IPO for second half of the year

DetailsJuan Fernandez Gonzalez | 12 March 2015

US Spanish-language broadcaster and Hispanic media group Univision Communications Inc has reportedly hired Goldman Sachs, Morgan Stanley and Deutsche Bank to lead an initial public offering (IPO), which could come in the second half of 2015.

According to Reuters, the IPO, expected to be one of the media industry's biggest in years, could raise more than $1 billion, and value the company at as much as $20 billion, including debt.

New York-based Univision owns a highly rated Spanish language broadcast network that sometimes - especially with its football broadcas - beats English-language broadcasts in the prime time slot. It also owns UniMas channel, as well as several cable networks and a stable of Spanish radio stations.

According to Reuters, Univision has also explored selling itself in the last two years, speaking with companies such as CBS Corp and Time Warner Inc. Nevertheless, the IPO remains the most attractive option for the buyout firms to cash in on their investment.