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Univision Deal Closes: Investor Group Takes Majority Stake, Wade Davis Becomes CEO
An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. The group includes private equity firm Searchlight Capital and media- and consumer technology-focused operating and investment firm ForgeLight, which Davis launched as CEO last December after leaving Viacom due to its recombination with CBS Corp.
