FCC approves $12.3B sale of Univision group

LOS ANGELES – Univision Communications Inc. (NYSE: UVN) yesterday said the Federal Communications Commission has approved its $12.3 billion acquisition by Broadcasting Media Partners Inc., an investor group that includes Providence Equity Partners Inc. Besides Providence Equity, BMP’s members are Madison Dearborn Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. “This important step…

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