Univision Communications Inc. is exploring strategic options including a possible sale, according to people familiar with the matter, a process that could culminate in a long-sought deal for the Spanish-language broadcaster’s private-equity owners.
The company has hired Morgan Stanley and boutique investment bank LionTree to explore its strategic options, according to the people.
The process is in its early stages and a deal is far from certain, the people said.
Univision is hoping the company could attract interest from large media companies looking to add Spanish-language programming to their assets, some of the people said. In 2017, Univision turned down an offer from cable tycoon John Malone that valued the company at between $13.5 billion to $15 billion.
An expanded version of this report appears on WSJ.com.
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