Searchlight Group

Searchlight Group was a American media company headquartered in Brooklyn, New York. The company owned companies in the fields of broadcast, television, radio, digital media, and more. UBS Corp was the owner of Searchlight. Following its merger with Purple Media, the Searchlight name has now became a in-name-only unit of Purple.
Searchlight began as a spin off company of UBS's smaller but important assets, it was created to not only size down UBS, but to utilize UBS's ownership of the 21st Century Fox logo and trademark. Searchlight was later established and headquartered at UBS's former Brooklyn headquarters in New York. The company and it's divisions occupy the newly-renovated and expanded building.
On June 1st, 2018, Searchlight Group unveiled a new logo and new plans for the future. Searchlight is worth approximately $2.5 Billion.
In mid-2019, Searchlight bought FX Networks from Disney following the acquisition of Catching Sound Media by Disney. 
UBS has fully bought the rest of Searchlight Group, making Searchlight a wholly owned subsidiary of the company.
In July 2018, Purple Media launched an unsuccessful $4.3 billion bid for Searchlight. UBS rejected the offer a mere 30 minutes after Purple announced the bid. However, after Purple raised it's bid to aquire Searchlight to $5.5 billion and later $7.2 billion, UBS began to look into the offer. 
Days later, Purple reached a deal to merge with Searchlight for a lower price, $5.5 billion.
Category:UBS Corp
Category:Fictional companies