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An investor group led by former Viacom CFO Wade Davis has agreed to acquire a 64% majority stake in Spanish-language media giant Univision Communications for an undisclosed sum. The group includes private equity firm Searchlight Capital and ForgeLight, with Davis set to run the company as CEO upon deal close. Mexican TV giant Televisa has elected to retain its stake of about 36%.
This article was originally posted on hollywoodreporter.com
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