Wade Davis Mexico performer audience innovations Wade Davis Mexico

Univision Deal Closes: Investor Group Takes Majority Stake, Wade Davis Becomes CEO

Reading now: 903
hollywoodreporter.com

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.

Davis is now taking over as CEO of Univision, which has most recently been run by Vincent Sadusky who took over the firm after Randy Falco retired at the end of 2018.Mexican TV giant Televisa previously elected to retain its stake of about 36 percent in Univision. "I am honored to be partnering with Searchlight and Televisa.

Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA