United States

Univision heads for auction with few suitors

Univision is trying to sell itself again — and investors are bracing for yet another long, dragged-out telenovela. In the middle of last month, the Spanish-language TV network quietly gathered a select group of prospective suitors in New York as it sought a price tag north of $10 billion, sources told The Post. But after sifting through more than 100 pages of confidential financial information, the group of media companies and buyout firms appears to have taken a pass, according to a source with direct knowledge of the situation. Now, Univision is in “the very early stages” of a formal auction process with a “strict timetable” that’s being run by Morgan Stanley, Moelis & Co. and LionTree, an insider said. The banks, howev ...