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.
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