Spanish-language broadcaster Univison has sold a majority stake to an investment group led by Searchlight Capital Partners and ForgeLight.
Under the agreement, ForgeLight founder Wade Davis, who was CFO of Viacom prior to that company’s merger with CBS last December, will take over as Univision CEO when the deal closes.
Mexican TV media company Televisa—which supplies programming to Univision’s properties—will retain a 36% stake in Univision. The other investors—which include Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H.
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