Stake sale in Bundesliga media rights business to launch early March -sources

FRANKFURT : Germany's soccer governing body is poised to kick off the sale of a stake in the Bundesliga's media rights business that could fetch $2.9 billion, sources familiar with the matter said.

National soccer leagues in Europe are increasingly eyeing external funding around broadcasting arrangements as they look at ways to boost revenues and increase their global reach. Prospective investors are likely to begin with due diligence in early March, two of the sources said. Initial bids will be collected at the end of March with two or three preferred bidders selected at the start of April, the sources added.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Exclusive-Japan Post considers nearly $9 billion sale of stake in banking business -sourcesTOKYO : Japan Post Holdings Co is considering cutting its stake in its Japan Post Bank Co business by around a third by the end of next month, in a share sale potentially worth nearly $9 billion, people familiar with the matter said.The postal giant is considering selling the shares by the end of the curr
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Intesa staff to test new digital business from MarchMILAN: Italy's biggest bank Intesa Sanpaolo has told staff they can sign up to test from Mar 1 the app for the new digital lender it is setting up with British fintech Thought Machine, an internal document showed. Intesa last year unveiled plans to invest €5 billion (US$5.3 billion) in technology under i
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »