Univision Deal Closes
March 29, 2007 at 8:54 AM (PT)
As expected, BROADCASTING MEDIA PARTNERS has closed on UNIVISION COMMUNICATIONS in a $12.7 billion deal that takes the company private. The closing follows TUESDAY's approval of the deal by the FCC; as previously reported, JOE UVA will serve as CEO while Pres./COO RAY RODRIGUEZ and his team remain in place.
The new UNIVISION partners inclide producer HAIM SABAN and private equity firms MADISON DEARBORN PARTNERS, PROVIDENCE EQUITY PARTNERS, THOMAS H. LEE PARTNERS, and TPG.