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Univision hires handlers for IPO

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.

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