Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico’s Grupo Televisa announced Tuesday they’ve completed the acquisition of giant Spanish-language broadcaster Univision.Davis will be CEO. “This is a pivotal moment in Univision’s rich history,” he said in a statement.In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H.
Lee Partners and Saban Capital Group. Televisa, Univision’s major programmer, will retain its 36%, continue to provide content and serve as a strategic partner to the new owners.“We are excited to be part of this new phase of
Read more on deadline.com