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The Wall Street Journal: Privately held Univision explores sale to larger media company

Univision Communications Inc. is exploring strategic options including a possible sale, according to people familiar with the matter, a process that could culminate in a long-sought deal for the Spanish-language broadcaster’s private-equity owners.

The company has hired Morgan Stanley and boutique investment bank LionTree to explore its strategic options, according to the people.

The process is in its early stages and a deal is far from certain, the people said.

Univision is hoping the company could attract interest from large media companies looking to add Spanish-language programming to their assets, some of the people said. In 2017, Univision turned down an offer from cable tycoon John Malone that valued the company at between $13.5 billion to $15 billion.

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