Univision Draws Interest From Potential Bidders Amid IPO Delays
Apparently, Univision Communications, the owner of the dominant Spanish-language broadcaster in the US, has been fielding interest from potential bidders after the media company’s initial public offering was delayed. Among the suitors has been cable mogul John Malone, some of the people said. Malone and Greg Maffei, chief executive of Malone’s Liberty Media Corp holding company, held talks with Univision’s owners about the possibility of acquiring a significant stake, apparently.
Malone andMaffei met with Univision backers billionaire Haim Saban and Providence Equity Partners’ Jonathan Nelson at the Sun Valley media conference in July. However, the two sides were far apart on valuation, and it is unclear if a deal—with Malone or anyone else—could be reached. It is also unclear what terms were discussed.
Univision Draws Interest From Potential Bidders Amid IPO Delays