Unvision Mulling IPO Next Year (Report)
Univision is considering a initial public offering next year, Reuters reported on Thursday.
The Spanish-language broadcaster has been private since a $12 billion buyout from Thomas H. Lee Partners, TPG Capital, Providence Equity Partners and Madison Dearborn partners six years ago.
Televisa, a Mexican media company that provides programming to Univision, also owns 5 percent of the company with enough of its debt to take up to a 30 percent stake.
While Univision hasn't made a decision yet, an IPO is a consideration for the second half of next year, Reuters reported, citing three people familiar with the matter.
Univision has been riding high ratings lately and in July it reported quarterly earnings that jumped 28 percent to $41 million on a 10 percent rise in revenue to $677 million.