ForgeLight and Searchlight will partner closely with Televisa and Wade Davis, founder of ForgeLight, who will become CEO of Univision upon close of the transaction. Guggenheim Securities LLC is serving as financial advisor to ForgeLight, and Willkie Farr & Gallagher LLP and Proskauer Rose LLP are acting as its legal counsel. Our talented operating team has transformed Univision to be strategically, operationally and financially stronger than it has been in years. I remain committed to leading the company and supporting a smooth and successful transition over the coming months to ensure Univision is best positioned for the future ahead.
Both Searchlight and Wade are wholly supportive of Univision's core mission to entertain, inform and empower Hispanic America and fully embrace the commitment and special bond we have with our audience. ForgeLight … Our goal in launching a comprehensive strategic review was to ensure that Univision was best positioned for future growth and success, and we believe this is the ideal outcome.
All Rights Reserved.
We view this transaction as a strong vote of confidence by Univision's new owners in Televisa's insight, creativity and its place as an undisputed leader in producing high-quality Spanish-language content targeting a dynamic and growing audience demographic.
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Univision's leadership and connection with one of the most important audiences in the U.S. today creates an amazing platform to drive innovation, build market-defining content and create an even deeper relationship with its audience.
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