The five private-equity firms selling out of Univision are ending their soap opera on a downer. The broadcaster’s new owners seek a happier plot, writes richardbeales1.
Univision Communications said on Feb. 25 that Searchlight Capital Partners and ForgeLight have agreed to buy a 64% ownership interest in the Spanish-language broadcaster.
Televisa, a Mexico-based media group, has elected to retain its approximate 36% stake in Univision’s fully diluted equity capital on an as-converted basis. Univision said last July it was exploring a sale. It was bought by private equity firms TPG Capital, Thomas H. Lee Partners, Madison Dearborn Partners, Providence Equity Partners and Saban Capital in 2007 for $13.7 billion, including debt. These firms are selling their stakes to Searchlight and ForgeLight.
Wade Davis, founder of ForgeLight and formerly finance chief at Viacom, will become chief executive of Univision, the company said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Monsta X's 'All About Luv' Album Debuts in Top Five on Billboard 200 ChartMonsta X makes its Billboard 200 albums chart debut, as the six member South Korean group arrives at No. 5 with 'All About Luv.'
Read more »
The diverse industry backgrounds of five construction tech founders - Business Insider5 construction-tech startup founders explain how they went from backgrounds in finance, law, and even gaming to launching in the super buzzy space
Read more »
Yellow Veil Pictures & Aussie Outfit Umbrella Entertainment Strike Deal For Five Titles – EFMEXCLUSIVE: U.S. sales outfit Yellow Veil Pictures has scored a raft of territory deals across its slate, including a five-picture deal with Australia/New Zealand releaser Umbrella Entertainment. Um…
Read more »
Five-Minute Grilled Chicken Cutlets With Rosemary, Garlic, and Lemon RecipeEven I have days in which I've spent far too long in front of a computer screen and realize that I only have half an hour before my wife gets home and it's dinnertime. This right here is the easiest, most foolproof way I know to get a hot grilled chicken dinner on the table in record time. Not only that, but it packs in more flavor than most all-day recipes.
Read more »
Five hikers rescued on their way back from 'Into the Wild' bus in AlaskaFive Italian hikers were rescued on Alaska's Stampede Trail as they were returning from visiting the abandoned bus made famous by the book and film 'Into the Wild.'
Read more »