SoftBank Group Corp. is considering a sale of its stake in Spanish-language TV broadcaster TelevisaUnivision, according to people familiar with the matter, as the Japanese conglomerate unloads assets amid a prolonged tech slump.
SoftBank took an in interest in TelevisaUnivision last year when it helped finance Univision’s purchase of rival Grupo Televisa SAB’s content and media assets, creating the new entity. The SoftBank Latin American Fund led a $1 billion preferred equity investment to support the deal, Bloomberg News reported at the time.
Son has repeatedly said his primary focus is to take chipmaker Arm Ltd. public in the US, following the collapse of its sale this year to Nvidia Corp.
Read more: BNN Bloomberg
