Univision looks for minority stakeholder in Fusion Media Group

According to a new report from Recode, Univision is looking to bring in a minority investor to support Fusion Media Group. Along with the Fusion TV network and a production studio, FMG consists of a number of digital media properties, including The Onion and most of the sites formerly owned by Gawker Media. (Univision bought those sites last year, after a highly-publicized lawsuit forced Gawker into bankruptcy.) According to the Recode report, Univision is asking investors to spend as much as $200 million to buy a stake in the unit. The company has reportedly brought on bankers from Morgan Stanley and Raine Group to help shop the deal around.

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