By Reuters Staff
2 Min Read
MEXICO CITY (Reuters) - Searchlight Capital Partners and ForgeLight have completed their majority stake purchase of Univision, the largest Spanish-language U.S. broadcaster, while Mexico’s Televisa maintains its minority stake, Univision said on Tuesday.
Searchlight and ForgeLight acquired 64% of the company from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group, Univision said in a statement.
The deal could value Univision at $8 billion to $10 billion, a source familiar with the matter said in February.
Televisa, Mexico’s biggest broadcaster, would keep its existing 36% stake in Univision. Televisa would also retain its programming license agreement with Univision, the statement said.