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Univision Sale Complete After FCC Grants Foreign Ownership Petition

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variety.com
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Cynthia Littleton Business EditorSpanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners’ petition regarding foreign ownership restrictions.Wade Davis, former chief financial officer of Viacom, has taken the reins as CEO, as expected.

Davis’ ForgeLight investment banner and Searchlight Capital Partners led the acquisition of a majority stake in Univision from a consortium of private equity investors led by Haim Saban’s Saban Capital.Mexican media titan Televisa remains a minority shareholder in Univision.

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