Petitions to Deny Univision Deal Due June 4
Petitions are due June 4 to deny approval of the sale of a majority of Univision to investment firms Searchlight and ForgeLight, said a public notice in Wednesday’s FCC Daily Digest. The transaction isn’t expected to face regulatory difficulties (see…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
2003030059). Companies involved in the deal also requested a declaratory ruling that would allow Univision to be up to 100 percent foreign owned, because Searchlight and ForgeLight are partially owned by affiliated companies based in the Cayman Islands and partially controlled by Canadian and German citizens. U.K.-based Liberty Global would own 11.6 percent of the new company, and Mexico-based Multimedia Telecom would have a 40 percent voting interest in the new company, the petition for declaratory ruling said. Oppositions to petitions to deny are due June 19, replies June 26.