More players are bidding for La Liga’s TV rights, intensifying competition and threatening to increase the price as the deadline to submit offers arrives. As expected, Telefónica and Mediapro will take part in the bidding process along with new bidders including DAZN and Relevant, and possibly Amazon. Relevant is reportedly offering €1 billion for each […]
Mediaocean, the global omnichannel advertising platform, has announced an investment from funds advised by CVC Capital Partners, along with TA Associates, who are acquiring the stake in the company held by Vista Equity Partners. Mediaocean helps agencies and marketers manage $200 billion in annualised media spend. CVC and TA say they are committed to investing […]
Spain’s La Liga and private equity firm CVC plan to launch their own streaming platform, according to business daily El Confidencial, challenging telco operators which offer football match streaming in their packages. La Liga agreed to a deal in which CVC would invest €2.7 billion for 10 per cent revenue and a 10 per cent […]
La Liga, Spain’s top flight football league, is selling a 10 per cent stake to private equity firm, CVC Capital Partners, for €2.7 billion to help finance its long-term growth plans. The deal values La Liga at around €24.2 billion and, if approved, will fund structural improvements while also offsetting some of the immediate impact […]
Toshiba has rejected a bid by private equity business CVC Capital to buy the Japanese electronics giant, citing “lack of detail” in the proposal. “As this preliminary proposal lacks the required information the board has concluded it is not possible to evaluate it,” Toshiba said in a statement. However, CVC also responded by saying that […]
Toshiba’s president and CEO Kurumatani Nobuaki has resigned and the board has immediately appointed Tsunakawa Satoshi to succeed him. A formal $20 billion buy-out offer from the Luxembourg and UK private equity business CVC Capital Partners made on April 6th remains on the table. Toshiba’s chairman Osamu Nagayama said CVC’s bid was unsolicited and lacking […]
Italy’s Serie A has started exclusive talks with a consortium of private equity funds to sell a 10 per cent stake in the Newco that will manage the TV rights. The consortium led by CVC and consisting of Advent and FSI beat out competition from Bain-NB Renaissance and Fortress, whose bid arrived only 24 hours […]