It’s now official. After weeks of reports, a group of investors led by former Viacom Chief Financial Officer Wade Davis and Searchlight Capital Partners announced that they have bought Spanish broadcaster Univision. As expected, Davis–who was once a contender for CEO at Viacom–will become CEO of Univision after the deal closes. Davis, who is known for having a good sense of the media landscape,...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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