On February 25, 2020, investment firms ForgeLight (launched by founder & CEO & ex-Viacom (2005-2019)|Viacom CFO Wade Davis) and Searchlight Capital agreed to acquire the 64% controlling stake in the company currently held by its investment group ownership, while minority owner Televisa will continue to hold its 36% stake. As a result, the company will be led by Davis as CEO, eventually replacing current CEO Vincent Sandusky. The sale was completed on December 29, 2020.