Serial agreement negotiator Michael Klein is considering an offer by the Spanish-language network Univision Communications Inc., according to people familiar with the matter.
Churchill Capital Corp. II, Klein’s special purpose acquisition company, or SPAC, has spoken with advisors about bidding for Univision, people said, who asked not to be identified because the matter is not public. A decision has not been made and Churchill Capital may choose not to move forward with an offer, people said.
Univision has also provoked interest from other parties, they said.
A Univision representative declined to comment. Churchill Capital representatives, based in New York, did not immediately respond to requests for comment.
Klein is one of the world’s leading negotiators, with deep connections throughout the United States, Europe and the Middle East. He is advising Saudi Aramco on their planned IPO and advised Dow Chemical Co. in its huge merger with DuPont in 2016.
The former Citigroup Inc. banker founded Churchill Capital this year and made it public in June, raising around $690 million, according to regulatory documents. Michael Klien is the president and chief executive of the company.
SPACs are phantom companies that raise money from public investors to make an acquisition that they have not yet identified. The merger with SPAC effectively allows a private company to be made public without an IPO.
Last year, Klein made another SPAC public. Churchill Capital Corp. closed a merger in May with information service provider Clarivate Analytics Plc.
Univision could be among the most important businesses it has organized since the creation of its own company in 2008.
The chain, which has financial difficulties since a leveraged purchase in 2007, has been at stake for years. He rejected an acquisition offer in 2017 from television billionaire John Malone who had valued the company at up to $ 15 billion. Last year, he ruled out an initial public offering.