Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. Mexico's media giant Grupo Televisa and U.S. Spanish-language broadcaster Univision today announced they have . (Image credit: Univision) NEW YORK— Univision is close to being acquired by an investor group lead by former Viacom CFO Wade Davis, according to published reports. It turns out that this was the offer Univision's majority owners opted for, in a move that finally frees them of what turned out to be a disappointing debt- laden investment made just as the great recession of the late 2000s reared its ugly head on Wall Street. An investor group led by former Viacom CFO Wade Davis said Tuesday it has closed its acquisition of a 64 percent stake in Spanish-language media giant Univision Communications. Univision is close to being acquired by an investor group lead by former Viacom CFO Wade Davis, according to published reports. As part of the complex transaction, former Viacom executive and ForgeLight principal Wade Davis has taken over as Univision CEO, replacing Vince Sadusky. Wade Davis, former chief financial . Since private investment firm Searchlight Capital Partners bought Univision in December, new CEO Wade Davis has focused on ways to unlock what he sees as a huge competitive advantage embedded in the nation's largest Hispanic media group. Email. The Spanish . "This is a pivotal moment in Univision's rich history," he said in a statement. Univision Communications Inc. (UCI, stylized as unıvısıon) is an American media company headquartered in Miami. Spanish-language broadcaster Univision has entered sales talks with an investor group that includes Searchlight Capital Partners and Wade Davis, the former chief financial officer of Viacom. Giant Miami-based Spanish language broadcaster Univision is being acquired by two private investment firms, ForgeLight and Searchlight Capital Partners, and will enter a new era led by Wade Davis … which the companies said was expected to close later . A year after being acquired by an investor group led by former Viacom CFO Wade Davis, and just a few months after officially closing the deal, Univision's future is taking shape.. According to the LA Times, Univision Communications, US largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis, according to two people familiar with the matter.Univision is in advanced negotiations to sell itself to the Davis group, which includes the private equity firm Searchlight Capital Partners, according to the sources . Wade Davis, former chief fina… Former ViacomCBS exec Pierluigi Gazzolo was named president and chief transformation officer at Univision; Luis Silberwasser, last with Telemundo, was named president of the Univision . US-based Spanish-language broadcasting company Univision has agreed to sell a 64 per cent majority stake to investment companies Searchlight Capital Partners and ForgeLight. Vince Sadusky, the current CEO of Univision, 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. Univision Network will continue to exist . Wade Davis, former chief financial . Former Viacom CFO Wade Davis named CEO of Univision. Former Viacom Inc. Chief Financial Officer Wade Davis is finalizing an agreement to buy Univision Communications Inc. in a deal that could be announced as soon as Monday, according to people . As part of the acquisition, ForgeLight Chief Executive and founder Wade Davis will become CEO of Univision at the closing of the deal, Univision said. Univision Sale To Searchlight Capital Partners Closes. TelevisaUnivision (formerly known as Univision Communications) is a Mexican-American media company headquartered in Miami and Mexico City, which owns the American Spanish language broadcast network Univision. The group . The deal, which closed last December, represented a significant discount from a 2007 takeover by a group of private equity firms. It turns out that this was the offer Univision's majority owners opted for, in a move that finally frees them of what turned out to be a disappointing debt- laden investment made just as the great recession of the late 2000s reared its ugly head on Wall Street. Wade Davis new CEO at Univision…. The company was founded in 1961 and is headquartered in New York, NY. Prior in his career Davis was CEO of Viacom. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer . Davis was previously Viacom's chief . The TV company known for dramas like "La Reina Soy Yo" has agreed to sell a 64 percent stake to a group of investors including private equity firm Searchlight Capital Partners and ex-Viacom . Davis was previously Viacom's chief . The Company's media portfolio includes the top-rated broadcast networks Univision and UniMás in the U.S. and Las Estrellas and Canal 5 in Mexico. The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. The TV company known for dramas like "La Reina Soy Yo" has agreed to sell a 64 percent stake to a group of investors including private equity firm Searchlight Capital Partners and ex-Viacom . 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. "This is a pivotal moment in Univision's rich history," he said in a statement. "I want you to see the incredible opportunities I saw in this business and this audience when I decided to put everything I . It's a done deal. Wade Davis, former chief . The network identities and names will not change. Wade Davis, media industry veteran and CEO and founder of investment firm ForgeLight, assumed the role of Univision CEO. While radio has long taken a back seat to TV at Univision, the former Viacom executive and ForgeLight principal sees an untapped opportunity in the company . Also Read: FCC Approves Univision Sale to SearchLight. The . Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29.. The new company will be led by Univision CEO Wade Davis, who headed the investor group that acquired Univision in early 2020. Davis is based by Searchlight Capital Partners, according to Bloomberg (opens in new tab) , which said the transaction would value the Spanish-language media company at less than $10 billion. L to R: Alfonso de Angoitia and Wade Davis. Since its founding in the early 1960s as Spanish International Network (SIN), the nation's first Spanish language television network, the company has catered to Hispanic and Latino Americans.Today it is a multimedia company with broadcast cable, digital and audio networks . With the most compelling portfolio of Spanish-language sports rights in the world . Wade Davis, founder of ForgeLight and the former chief financial officer of Viacom, will become CEO of Univision upon close of the transaction. John Malone Liberty Media, Sale. Wade Davis, Univision's new CEO, named his senior management team, bringing several well-known industry executives to the Spanish-language media company. As part of the acquisition, ForgeLight Chief Executive and founder Wade Davis will become CEO of Univision at the closing of the deal, Univision said. In this interview, Uva shares his advice for the new Univision leadership team, provides the same for Telemundo and discusses his prediction for how the market will evolve. Giant Miami-based Spanish language broadcaster Univision is being acquired by two private investment firms, ForgeLight and Searchlight Capital Partners, and will enter a new era led by Wade Davis … The sale marks the end of a long process that earlier led . Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced Tuesday.The deal, first announced in February, gives the two companies a 64% majority stake in Univision, the country's top Spanish-language broadcaster. Davis will be CEO. Since its founding in the early 1960s as Spanish International Network . which the companies said was expected to close later . Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. (Image credit: ©DARIO ACOSTA) Financial terms were not disclosed, but the Wall Street Journal reported that the companies paid $526 million and assumed the company's debt. TelevisaUnivision. Davis is replacing Vince Sandusky as CEO. The Wall Street Journal says Davis is in "exclusive sale talks" with the company while the Los Angeles Times says Univision is in "advanced negotiations" to sell itself to the Davis Group. Televisa's assets are valued at $4.8 billion. 20th July 2021 @ 11:22. The move results from last week's FCC approval of the sale of a majority stake in Univision Holdings by investment groups Searchlight Capital Partners and ForgeLight LLC; Davis founded and is CEO of the latter. Former Viacom CFO Wade Davis' ForgeLight and Searchlight Capital have closed their acquisition of Univision, the two investment companies announced . The firm produces and delivers content across various media platforms to inform, entertain, and empower Hispanic America. 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. A Univ… Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. Davis' bid was perhaps the most intriguing, as Davis would unseat Sadusky as Univision's chief executive. 2/14/2020 10:26:00 PM. Now, major changes are coming to the C-Suite. Davis' ForgeLight investment banner and Searchlight Capital Partners led the acquisition of a majority stake in Univision […] Davis' ForgeLight investment banner and Searchlight Capital Partners led the acquisition of a majority stake in Univision […] February 14, 2020 11:24am. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis . Univision is under new management after a group of investors led by former Viacom CFO Wade Davis acquired a 64% stake for $526 million. Televisa said it will . Former Viacom CFO Wade Davis, who is backed by financing from Searchlight Capital Partners, is closing in on a deal for the Spanish language broadcaster, according to multiple published reports. Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. Once the deal closes, Searchlight will hold a 26.2% stake in the company with another 26.1% held by ForgeLight, the investment firm controlled by former Viacom executive Wade Davis who is set to become Univision's next CEO. Dive Brief: Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announced December 29.. Mike Nelson/Epa/Shutterstock. Univision Communications, Inc. provides television and radio network services. Another 11.6% stake will be held by Liberty Global, with the remaining 36.1% controlled by Televisa - the Mexican . Univision CEO Wade Davis will lead the combined company, which will take on the name Televisa-Univision. (Reuters) - Spanish-language broadcaster Univision Communications Inc is in sale talks with a consortium of investors, a source familiar with the matter told Reuters on Friday. Davis' bid was perhaps the most intriguing, as Davis would unseat Sadusky as Univision's chief executive. Less than a week after getting the green light from the FCC, the sale of Univision Communications to private investment firm Searchlight Capital Partners has crossed the finish line. Univision Communications Inc. agreed to sell a majority stake to a bidding group that includes former Viacom finance chief Wade Davis and private-equity firm Searchlight Capital Partners, ending a . Both Searchlight and Wade are wholly . The sale marks the end of a long process that earlier led . "I want you to see the incredible opportunities I saw in this business and this audience when I decided to put everything I . As part of the complex transaction, former Viacom executive and ForgeLight principal Wade Davis has taken over as Univision CEO, replacing Vince Sadusky. Led by Davis and benefitting from his expertise in managing the growth and transformation of large . The latest . 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. Mexico-based Televisa has retained the 36% ownership stake it took during the . TelevisaUnivision is home to 36 Spanish-language cable networks, including Galavisión and TUDN, the No. As part of the complex transaction, former Viacom executive and ForgeLight principal Wade Davis has taken over as Univision CEO . If Wade Davis, former . For months, there's been chatter of a sale of Univision Communications, with various unconfirmed reports across multiple news organizations. Less than a week after getting the green light from the FCC, the sale of Univision Communications to private investment firm Searchlight Capital Partners has crossed the finish line. Wade Davis, former chief financial officer of Viacom, has taken the reins as CEO, as expected. Details: Searchlight Capital Partners and ForgeLight will acquire a majority stake (64%) in Univision, per a statement from the network. Wade Davis, founder of ForgeLight and the former chief financial officer of Viacom, will become CEO of Univision upon close of the transaction. An investor group led by former Viacom CFO Wade Davis has agreed to acquire a 64 percent majority stake in Spanish-language media giant Univision Communications for an undisclosed sum. The deal is expected to close later this year, with ForgeLight founder and former Viacom CFO Wade Davis due to become Univision's CEO. In the early morning hours of Tuesday, Feb. 25, the . 1 Spanish-language sports network in the U.S. and Mexico. 45% of the company is held by the Mexican media conglomerate Televisa, a major programming partner for Univision.. 1 Min Read. Univision reportedly "nearing a sale" to investment group involving former Viacom EVP Wade Davis, at a much lower price than 2007 Univision changed hands for $13.7 billion in 2007, but seems . He takes over the reins from Vince Sadusky, who led the company since mid-2018, when he replaced Randy Falco.. Though financial . In a deal announced in February, Searchlight and . With that, Wade Davis succeeded Vince Sadusky as Univision's CEO. As part of the complex transaction, former Viacom executive and ForgeLight principal Wade Davis has taken over as Univision CEO, replacing Vince Sadusky. Wade Davis. Univision's owners, including Haim Saban, have been desperate to get out of their 2007 investment in Spanish-language programming. Univision Communications Inc. agreed to sell a majority stake to a bidding group that includes former Viacom finance chief Wade Davis and private-equity firm Searchlight Capital Partners, ending a . Davis will be CEO. Jessica Rodriguez, who previously led entertainment for Univision, is now chief brand & impact officer with a remit across a joined creative strategy. Media veteran Wade Davis will become CEO of Univision upon closing, replacing Vince Sadusky, who had been with the network's CEO since 2018. On Dec. 29, Searchlight III UTD and ForgeLight's acquisition of a majority stake . Univision Miami to Host Miami-Dade County Mayoral Debate With Top Candidates Facing Off in Multi-Media Event Tonight at 5pm on Univision 23 y Radio… Liked by Wade Davis The latest entrant into the process is Searchlight Capital, a private equity firm said to be teaming up with Davis, as first reported by The Wall Street Journal. Davis, a former CFO for Viacom, has become CEO of Univision, succeeding Vince Sadusky. The leadership change comes as a result of the FCC approval, which paved the way for completion of the sale of a majority stake in Univision Holdings, Inc. by investment groups Searchlight Capital Partners, LP and ForgeLight LLC. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Televisa, the Mexican media company which supplies much of Univision's programming . After months of floating interest, Univision is getting close to a sale that might value it near $10B including debt, The Wall Street Journal reports.It's in exclusive talks with a group that . US-based Spanish-language broadcast group Univision has overhauled its senior leadership team, with changes to its entertainment and corporate execs. As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. Dec 29, 2020 Updated 2 hrs ago Less than a week after getting the green light from the FCC, the sale of Univision Communications to private investment firm Searchlight Capital Partners has crossed the finish line. According to the LA Times, Univision Communications, US largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis, according to two people familiar with the matter.Univision is in advanced negotiations to sell itself to the Davis group, which includes the private equity firm Searchlight Capital Partners, according to the sources . The group includes . Pierluigi Gazzolo is appointed to the newly created role of President and Chief Transformation Officer, tasked with overseeing the future streaming business and cross-functional . As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. Wade Davis, former chief financial officer of Viacom, has taken the reins as CEO, as expected. It operates a Spanish-language broadcast television network. Inside Radio: Univision sale to Searchlight Capital is formalized, and Wade Davis becomes CEO; FCC granted an exception to a cap on foreign ownership, as Televisa holds 36.1% Check out Mini-Mediagazer for simple mobiles or Mediagazer Mobile for modern smartphones. Less than a week after getting the green light from the FCC, the sale of Univision Communications to private investment firm Searchlight Capital Partners has crossed the finish line. The deal calls for Televisa to contribute its media, content and production assets and a handful of networks to a new entity to be known as Televisa-Univision. 3 min read. The Spanish-language media company was acquired at the end of last year by an investment group led by Wade Davis, the former CFO at Viacom.Both Davis and new ad sales president Donna Speciale offered greetings in both Spanish and English during a virtual presentation. Former Viacom executive, Wade Davis, is leading a group to buy . News. Spanish-language media giant Univision has formally changed hands now that the FCC has granted the new owners' petition regarding foreign ownership restrictions. Less than two weeks after the sale of Univision Communications to Searchlight Capital Partners, a private investment firm led by former Viacom CFO Wade Davis, the Hispanic media giant has shaken up its executive ranks. In a deal announced in February, Searchlight and . 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