US hispanic TV leader Univisión sells crown to private capital

Univision Communications 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 largest Spanish-language media company came early Tuesday when former Viacom executive Wade Davis and private equity firm Searchlight in the the United States, Capital Partners announced that they were teaming up to acquire 64 percent of Univision for an undisclosed price, reports the Los Angeles Times.