Univision cancels IPO plans, sale process likely
Univision has scrapped its IPO plans, citing "prevailing market conditions." The group also announced that Peter Lori will replace Frank Lopez-Balboa as chief financial officer.
Bottom line: The Spanish-language broadcaster originally filed for its IPO in 2015, but the process has been stalled for some time. Expect it to eventually seek a buyer, with one private shareholder telling Axios that "there are bankers climbing all over them."