According to NPR, Univision bought a 40 percent controlling interest in the company, and also acquired the option to buy the remainder of The Onion in the future.
The Intercept reports:
Saban is not shy about throwing his weight around. In 2001, when Brazilian regulatory approval became a roadblock to the sale of Fox Family, the company he founded with Rupert Murdoch, he asked Bill Clinton to call the president of Brazil to push for a quick approval. When the deal went through, Saban personally made $1.5 billion; the next year he gave a “record-breaking” $7 million to the Democratic Party for a new national headquarters and $5 million to Clinton’s presidential library.-RW