Univision is owned by a consortium of private equity owners and Los Angeles billionaire Haim Saban who bought the Spanish-language media company in 2007 for more than $13 billion — a leveraged buyout at the top of the market that left the company drowning in debt. In 2015, the company unveiled plans for a public offering that would have allowed Saban Capital and the other private equity firms to finally begin an exit. But then, the challenges of the larger media sector began to worry investors.

Source: Los Angeles Times May 23, 2018 00:12 UTC