Spanish-language media company Univision announced that it has agreed to sell a 64% stake to 2 investment firms, Searchlight Capital Partners and ForgeLight LLC by MadelinePBerg
Haim Saban and the other owners of Univision have decided to sell their stake in the weakenedSpanish-language media company Univision—known best for its broadcast network—announced that it has agreed to sell a 64% stake to Searchlight Capital Partners and ForgeLight LLC, two investment firms.
While details of the transaction were not disclosed, Searchlight and ForgeLight are expected to pay a combined $800 million, according to CreditSights analyst Ashley Taylor. The deal likely values Univision at less than $10 billion, including debt of $7.4 billion. That means Saban, who led the group of private equity investors to purchase the company in a leveraged buyout worth $13.7 billion in 2007, will walk away with a far lower payout than he had originally envisioned.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Spanish Media Giant Univision Sells Majority StakeTwo investment firms said they would buy a majority stake in Univision, the nation’s biggest Spanish-language broadcaster, setting up a new era for the large broadcasting company at a time wh…
Les mer »
Investor Group to Acquire Majority Stake in Univision, Wade Davis to Become CEOAn investor group led by former Viacom CFO Wade Davis has agreed to acquire a majority stake in Spanish-language media giant Univision Communications for an undisclosed sum. Davis will become CEO. Details:
Les mer »
Univision Sold To Two Investment Companies: Former Viacom Exec Wade Davis To BE CEOTwo financial firms are acquiring giant Spanish language broadcaster Univision. Searchlight Capital Partners, a global private investment firm, and ForgeLight, an operating and investment company f…
Les mer »
Untappd's Parent Company Has Acquired BeerAdvocate in Beer Rating Site MergerUntappd's parent company has acquired BeerAdvocate in beer rating site merger. craftbeer beertwitter Untappd BeerAdvocate beerfest
Les mer »
Pussycat Dolls don raunchy outfits for sexy performance at iconig G-A-Y venueFans lined up around the block to get into the sold out event where the group performed some of their most famous tunes as well as their new single
Les mer »
Univision Buyer Says Spanish-Language Giant is ‘Most Attractive Traditional Media Business Today’Former Viacom chief financial officer Wade Davis didn’t waste any time after exiting the company last year amid the musical chairs in senior management as Viacom and CBS Corp. prepared to mer…
Les mer »