Mexico's Televisa, the world's largest Spanish-language broadcaster, announced last week that it sold its minority interest in Univision Communications, owners of 114 Spanish language TV and radio stations.
Broadcasting Media Partners, a group of private investors, announced earlier they had completed a $12.3 billion purchase of Univision, the largest U.S. Spanish-language broadcaster, which Televisa had earlier hoped to buy. The deal closed only two days after the FCC gave its approval.
The transactions now make Univision a privately held company. The investor group includes Madison Dearborn Partners, Providence Equity Partners, Saban Capital Group, Thomas H. Lee Partners and TPG.
The latest product and technology information
Future US's leading brands bring the most important, up-to-date information right to your inbox