The New York-based Spanish-language broadcaster is preparing to go public with the hire of underwriters Goldman Sachs, Morgan Stanley and Deustsche Bank, according to Reuters. The news service cited sources today in reporting that the IPO is expected in the second half of 2015 and could top $1 billion. That would value Univision Communications at more than $20 billion. Its Univision network targets Hispanic Americans, and Nielsen Media Research labels it the world’s most-watched Spanish-language network.

The company was taken private in 2007, after it was acquired for $12.3 billion by a group of private-equity companies including Saban Capital and Thomas H. Lee Partners. Reuters cited sources in saying Univision has been shopping itself for the past two years, talking with potential suitors including Time Warner and CBS Corp. The news service said other banks also have been set for to help underwrite the IPO, but Univision did not comment on the report.