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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

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.Deutsche Fussball Liga (DFL) plans to launch the formal sale process in early March, the sources told Reuters

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »