The owners of Univision Communications Inc. have held discussions in recent weeks with a number of companies, including CBS Corp. and Time Warner Inc., according to individuals familiar with the matter, the Wall Street Journal reported.
Univision, an American Spanish-language broadcast television network, is controlled by a group of investors, most notably billionaire Haim Saban. According to the Journal, the investors are seeking $20 billion for the company, sources revealed, and they would stand to make a significant profit if the proposed deal was agreed upon considering the group bought Univision for $13.7 billion in 2007. Haim Saban neglected to comment to the Journal on the matter.
It was recently reported that Time Warner was in talks with Vice Media.
Discussions have taken place about other companies being interested in Univision, but those talks reportedly haven't not gone far, with the price being a main reason.
The owners might take the company public in a stock offering in 2015, but that’s not definite either, according to reports.
Continue Reading Below
Another buyer reported to be interested in Univision is Mexican media conglomerate Grupo Televisa, the Wall Street Journal noted.
Follow me on Twitter @mariamzzarella