Univision Reportedly in Merger TalksThursday, June 12, 2014
Univision Communications Inc. is reportedly in merger talks with multiple potential buyers that include CBS Corp. and Time Warner Inc., the Wall Street Journal reported late Thursday.
The Spanish-language network’s ownership group, headed by media magnate Haim Saban, is asking for at least $20 billion for the company. The group bought it for $13.7 billion in 2007.
The Journal also reported that the owners had previously explored selling Univision to Mexico's Grupo Televisa, which owns a minority stake.
The news comes amid a wave of consolidation in the media world, including Comcast Corp.’s plan to buy Time Warner Cable and AT&T’s deal to buy DirecTV.