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Univision cancels IPO plans, sale process likely

Univision news anchor Jorge Ramos
Univision news anchor Jorge Ramos. Photo by Paul Marotta/Getty Images.

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."