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Univision in Talks to Be Sold to Former Viacom CFO's Investor Group (Report)
14.02.2020 - 22:06 / hollywoodreporter.com
Spanish-language media giant Univision Communications is in exclusive talks to be acquired by an investor group led by former Viacom CFO Wade Davis, The Wall Street Journal reported, citing sources.
The group also includes private equity firm Searchlight Capital, and Davis is expected to run the company as CEO if a deal is finalized, it said.
Representatives for Univision and Searchlight declined to comment.
A rep for Hemisphere Media, in which Searchlight has a stake, also offered no comment.
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Investor Group to Acquire Majority Stake in Univision, Wade Davis to Become CEO
An investor group led by former Viacom CFO Wade Davis has agreed to acquire a 64 percent majority stake in Spanish-language media giant Univision Communications for an undisclosed sum.The group is made up of private equity firm Searchlight Capital and media- and consumer technology-focused operating and investment company ForgeLight, which Davis launched as CEO in December after leaving Viacom due to its recombination with CBS to form ViacomCBS.
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