Univision: No Comment On IPO No-Go
On August 1, RBR + TVBR reported that Univision’s ever-moving IPO was slated to happen this fall — after the U.S. presidential elections.
Now, it seems like the IPO will be after inauguration day in January, according to the New York Post.
First announced about a year ago, Univision is backed by Saban Media Group, Providence Equity, TPG and Thomas H. Lee Partners.
According to the tabloid, Univision’s board is said to have met last week and postponed the initial public offering, given the tepid market conditions that are plaguing all IPOs.
Per quiet period restrictions, Univision declined to comment when contacted by RBR + TVBR.
Univision is seeking an FCC waiver to allow Mexican programming partner and minority owner Televisa to increase its stake in the U.S.-based Spanish-language broadcaster from 10 percent to 40 percent.
The Commission will consider revisions to its foreign-ownership rules Sept. 29 at its Open Meeting.