Deals
Univision Owners Said to Near Sale to Viacom Ex-Finance Chief
- Offer values Spanish-language media giant at under $10 billion
- Wade Davis and Searchlight Capital to put in $800 million
Photographer: Tim Rue/Bloomberg
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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 familiar with the matter.
Davis and his backers at Searchlight Capital Partners are expected to contribute about $800 million for a controlling stake in the Spanish-language media giant, said the people, who asked not to be identified because the matter is private. The transaction being discussed would value Univision at less than $10 billion including debt, the people said.