Univision Sold To Two Investment Companies: Former Viacom Exec Wade Davis To BE CEO

. Searchlight Capital Partners, a global private investment firm, and ForgeLight, an operating and investment company focused on media and consumer tech, will buy a a majority ownership interest in Univision from all stockholders of the privately-held company other than Grupo Televisa., a longtime media executive and the former chief financial officer of Viacom.

The deal calls for Televisa to retain 36% in the company and the private equity partners 64%. Financial terms of the of the transaction were not disclosed. Vince Sadusky, Univision CEO, said, “We are a re-energized and refocused company, and today marks the start of an exciting new chapter with partners that recognize the excellent position Univision is in.

“I want to thank our talented employees for their hard work and dedication—I’m so proud of everything we have accomplished that has led us to this great outcome. Both Searchlight and Wade are wholly supportive of Univision’s core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience.

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