Univision Shareholders Approve Sale Of Company

Univision

UNIVISION shareholders approved the sale of the company to a consortium of investors headed by producer HAIM SABAN on WEDNESDAY (9/27). The shareholder vote, with over 80% voting yes, gives the go-ahead for the $12.3 billion deal, which amounts to $36.25/share. The deal now awaits regulatory approval and is expected to close in the SPRING. SABAN's partners include MADISON DEARBORN PARTNERS, THOMAS H. LEE PARTNERS, PROVIDENCE EQUITY PARTNERS, and TEXAS PACIFIC GROUP.

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