Univision’s private-equity owners acquired the Spanish-language broadcaster in 2007. Private-equity firms usually seek an exit in three to five years.
The broadcaster’s Los Angeles headquarters in 2016. The $13.7 billion purchase of Univision in 2007 was one of the biggest deals during the leveraged-buyout boom. Photo: mike nelson/EPA/shutterstock By Benjamin Mullin and Cara Lombardo Updated July 4, 2019 7:11 pm ET Univision Communications Inc.
But in recent years, rival Telemundo, a unit of Comcast Corp.’s NBCUniversal, gained ground with edgy narconovelas—soap operas about Mexican drug lords—aimed at a new generation of bilingual Latinos. To date, Univision’s board has yet to receive what it considers a satisfactory offer to acquire the company.
Haim Saban last year. The billionaire’s Saban Capital Group and a group of private-equity funds acquired Univision in 2007, when the broadcaster was the dominant leader in Spanish-language programming in the U.S. Photo: Drew Angerer/Getty Images Many of Univision’s would-be acquirers are still digesting recent acquisitions, including many that came with debt. AT&T last year closed an $80-billion-plus deal for Time Warner and is building a streaming service.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
W Magazine's New Owners Reportedly Tell Employees Not to 'Cause a Scene'There’s really no other way to say it: What’s happening at W Magazine right now sounds deeply fucked up!
Read more »
Brexit Party's Anne Widdecombe condemned for 'disgraceful' remarks comparing the EU to slave ownersFormer Tory MEP Anne Widdecome, a new Brexit Party MEP, is ridiculed for a maiden speech in Brussels in which she claimed Britain was 'oppressed.'
Read more »
Pets have gained the upper paw over their so-called ownersPets require walking, feeding, the occasional trip to an animal café and a grooming session or two. Is the owner or the pet calling the shots?
Read more »
Pet-ownership is booming across the worldAs the world gets richer, pet ownership is booming. With people treating cats and dogs more like fellow humans, who is really in charge?
Read more »
We Want to Live In This Beach House. Or at Least Fake ItHow to recreate this corner of a Hampton Bays, N.Y., beach house, designed to let the owners commune with sunset—even if you lack a view.
Read more »