The Chicago Tribune reports that three sources have revealed the discussions have taken place in recent weeks, as the board evaluates the company’s strategic direction.
One source told the Tribune that Univision hasn’t yet made a formal decision to proceed with the IPO.
Univision was taken private for $12.3 billion in 2007 by an investor group led by now company Chairman Haim Saban. The debt load was too much to handle, especially after the country’s economic downturn, and Televisa stepped in to buy some of that debt in 2010 to the tune of $1.2 billion, giving it a 5% stake in Univision and the possibility to convert some of that debt into a stake of up to 30%.
Univision’s has seen a 28% increase in earnings (to $40.7 million) during the second-quarter earnings. The company had a 10.4 % increase in revenue to $676.5 million.