Univision Buying Large Stake in The Onion

The Spanish-language media giant Univision Communications announced Tuesday that it had acquired a large stake in The Onion, the comedy and satirical digital media group, as part of the company’s efforts to extend its digital reach and strengthen its portfolio of comedy outlets.
Terms of the deal were not disclosed, but the transaction was said to be a 40 percent stake, valued at less than $200 million, according to one person briefed on the deal.