Univision Near Sale to Wade Davis-Led Group: Report

By Jon Lafayette
( Broadcasting & Cable )
published

Univision is close to being acquired by an investor group lead by former Viacom CFO Wade Davis, according to published reports.

Davis is based by Searchlight Capital Partners, according to Bloomberg, which said the transaction would value the Spanish-language media company at less than $10 billion.

Groupo Televisa, which owns about 40% of Univision, will continue to own a stake in the company, according to the report.

Univision was taken private in 2007 by a group including Saban Capital Group in a deal valued at $12.3 billion. The company turned down a $13 billion merger offer from Discovery in 2017 and a plan for an initial public offering was floated in 2018.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.