Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
02.27.20
In the midst of a substantial investment from Searchlight Capital Partners LP and ForgeLight LLC, a Pillsbury team is helping leading Spanish-language media company Grupo Televisa, S.A.B. negotiate Univision’s post-closing corporate structure and governance as Televisa retains its 36% ownership stake in Univision Communications. Searchlight and ForgeLight are acquiring the 64% ownership stake in Univision that has been held by a group of private equity investors since 2007. Terms of the deal were not disclosed.
As part of the deal, Televisa's Program License Agreement with Univision will remain in effect, affording Univision near-exclusive U.S. broadcast and digital rights to all of Televisa's programming.
For more information about this transaction, click here.
The Pillsbury team advising Televisa on this transaction is led by Communications partner Scott Flick and includes senior counsel Lauren Lynch Flick and senior associate Jessica Nyman.