Investor Group To Acquire Majority Stake In Univision


The Spanish-language media company has been entertaining offers since last summer. An investor group led by former Viacom CFO Wade Davis has agreed to acquire a 64% majority stake in Univision. Davis will become the CEO.

The group includes private equity firm Searchlight Capital and ForgeLight.

Univision turned down a $13 billion merger offer from Discovery in 2017 and a plan for an initial public offering was floated in 2018.

Financial details of the deal today were not disclosed.

Univision owns 58 radio stations.


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