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The US largest Spanish-language media company is nearing a sale to an investment group led by former Viacom executive Wade Davis. Univision is in advanced negotiations to sell itself to the Davis group, which includes the private equity firm Searchlight Capital Partners.

The company announced plans to further expand into the scripted space with a global agreement and an equity investment deal in the production firm co-founded by Camila Jimenez and Silvana Aguirre.