Reuters is reporting that Univision has hired Goldman Sachs, Morgan Stanley and Deutsche Bank to prep the company for its initial public offering (IPO).
The IPO could raise more than $1 billion, putting the company’s value at as much as $20 billion, including debt.
Univision’s ownership group, which includes billionaire Haim Saban, has been looking for an exit since it bought the company in 2007 for $13.7 billion. That deal loaded the company with a heavy debt, which is currently calculated at $9 billion.
Talks of a Univision IPO have been circulating for years – as far back as 2011 – but it could finally come in the second half of this year.
Grupo Televisa owns an stake in Univision, after investing $1.2 billion in 2010.
Last month, Univision’s CFO Andrew Hobson resigned just days after announcing a possible IPO.
