Univision is exploring options, including a possible sale

Spanish-language television network Univision Communications Inc is exploring options, including a possible sale, the Wall Street Journal reported Wednesday.

The company, which is based in the United States, hired Morgan Stanley and investment bank LionTree to explore options, the paper said, citing people close to the matter.

Univision had been purchased by a group of acquisitions firms, including Madison Dearborn Partners, Saban Capital, Providence Equity Partners, TPG Capital and Thomas H. Lee Partners for US $ 12.3 billion in 2007.

The firm registered a Public Offering of shares (IPO) in 2015, but the appetite of investors for indebted companies such as Univision was reduced, and the plans were filed.

The company underwent a restructuring in which 200 employees were fired, and it acquired the publisher of US Internet publications Gawker Media LLC for US $ 135 million.

Univision rejected in 2017 an offer from cable magnate John Malone that valued the company between US $ 13.5 billion and US $ 15 billion, according to the WSJ report.

The chain did not want to comment on the report. Morgan Stanley and LionTree did not immediately respond to a request from Reuters to discuss the matter.

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