John Malone’s Liberty Media could be interested in buying a “significant stake” in Spanish-language broadcaster Univision, according to a report in The Wall Street Journal.
The US newspaper, citing people familiar with the matter, reported that both Malone and Liberty Media CEO, Greg Maffei, met with Univision executives. Univision has been considering offers after the company’s initial public offering was delayed.
According to the report, “the two sides were far apart on valuation” so it is not clear that Liberty and Univision will complete a transaction.
Univision is currently owned by private equity firms Madison Dearborn Partners, Providence Equity Partners, TPG and Thomas H Lee Partners. Mexican giant Televisa has a minority stake. Earlier this year, the company was authorized to increase its participation.