Univision Communications, the nation’s largest Spanish-language media company, is nearing a sale to an investment group led by former Viacom executive Wade Davis, according to two people familiar with the matter.
Univision is in advanced negotiations to sell itself to the Davis group, which includes the private equity firm Searchlight Capital Partners, according to the sources, who were not authorized to comment.
A deal could happen as early as next week, but the two sides continue to hash out key provisions of the deal.
It was unclear Friday how much Davis and his bidding partners are offering for Miami-based Univision, which includes several television networks and radio and television stations, including KMEX-TV Channel 34 in Los Angeles.
