The sellers had bought the company for $ 13.7 billion, so they would not earn anything from this sale.
The deal is expected to be completed in the course of next week.
Photo:
ROBYN BECK / AFP / Getty Images
The country's largest Spanish-language broadcaster, Univision Communications, is in talks to be sold to a consortium of investors, according to the CNBC portal.
This consortium is led by former financial director of Viacom, Wade Davis, and the investment company Searchlight Capital Partners.
Since the beginning of 2019, Univisión had already made public its intentions of look for a buyer who was willing to pay $ 10,000 million for the company
The sellers of the channel, a consortium that includes billionaire Haim Saban, had wanted to sell for the $ 10,000 million already mentioned, although in 2007 they paid $ 13.7 billion for Univision. That is they would not make a profit on this sale.
Apparently, the company did not perform as expected due to the growth of competition and its unsuccessful attempt to venture into the English media.
Next deal
Although, so far, neither party has given a statement on this issue, they are expected to reach an agreement over the next week, according to information from the Los Angeles Times.
Univisión Communications includes the chains of Univisión, UniMas and Univisión Deportes. In addition, the company also It has more than 50 radio stations and around 60 television stations, including KMEX-TV Channel 34 in Los Angeles.
It should be noted that Univisión is one of the most watched channels by Spanish-speaking viewers in the United States, so potential buyers expect to capitalize on their ability to reach the market of Latino millennials and their children.
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