Univision’s long-delayed public offering appears to finally have a timeline in place. Writing in The New York Post, Claire Atkinson reports that the plan, which has been in play for about a year, appears to be focused now on a fall launch.
“Original hopes to list in December 2015 turned into the first quarter of 2016. Now a post-election time frame is offering the right conditions, an insider says,” Atkinson reports, adding: “Morgan Stanley and Goldman Sachs are advising.”
The report adds: “One indication that Univision is finally in preparation mode was a little-reported petition to the FCC Media Bureau seeking to allow Univision to accept foreign investment over the 25 percent benchmark.”
Univision and Televisa, which provides much of Univision’s programming, are reportedly seeking FCC approval to allow as much as 49% aggregate foreign investment and as much as 40% equity and voting interest, the report notes. The FCC is due to respond to the request on Sept. 7.