Univision's private equity owners have been talking about cashing out for years. Now they're taking their most concrete step yet -- enlisting big banks to underwrite an IPO.
Goldman Sachs ( and )Morgan Stanley ( will jointly lead an initial public offering, possibly sometime later this year, according to an executive familiar with the plans. )
Univision's plans could change, as they have before. But if they progress, the stock offering would be a landmark moment for the biggest Spanish-language broadcaster in the United States.
Last year Univision's owners held talks with a number of potential buyers, including Time Warner (, the parent company of this web site, and CBS. )
Those talks weren't fruitful, and now the network is pursuing an IPO.
Reuters first reported the IPO plans on Tuesday and said a third bank, Deutsche Bank (, will also be involved. Reuters said the IPO could "raise more than $1 billion and value the private equity-owned company at as much as $20 billion, including debt." )
Last summer, when the talks with Time Warner and CBS were reported, The Wall Street Journal said Univision's owners were seeking "north of $20 billion."
The company's owners include Haim Saban's Saban Capital Group, TPG Capital, Thomas H. Lee Partners, Providence Equity Partners, and Madison Dearborn Partners.
Saban led the acquisition back in 2007 for $13.7 billion, including debt.
A spokeswoman for Univision declined to comment on Tuesday night, as did representatives for the banks.