Spanish-Language Media Giant Univision Sold as Challenges Loom

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Univision Communications Inc. is turning the page after a turbulent 14-year reign of private equity firms that soured on their investment.

The finale of the months-long auction for the nation’s largest Spanish-language media company came early Tuesday when former Viacom executive Wade Davis and private equity firm Searchlight Capital Partners announced that they were teaming up to acquire 64% of Univision for an undisclosed price.

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