News Formal

Oaktree submits bid to invest in Serie A media business, sources say

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

MILAN : Investment fund Oaktree has submitted a preliminary non-binding offer to invest 1.75 billion euros ($1.90 billion) into the media business of Italy's Serie A soccer league, people familiar with the matter said on Friday.Serie A's media business, which mainly consists of the broadcast rights for l

MILAN : Investment fund Oaktree has submitted a preliminary non-binding offer to invest 1.75 billion euros into the media business of Italy's Serie A soccer league, people familiar with the matter said on Friday.

Oaktree would structure the proposed investment through a combination of debt and cash which would imply an enterprise value for the company managing Serie A's media rights of 15 billion euros, the people said. The proposal would be subject to a lock-up period of five years, the sources added, asking not to be named because the proposal is not public.

 

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 CA

Canada Canada Latest News, Canada Canada Headlines

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

Serie A to hire adviser on media business finance optionsMILAN : Serie A clubs will hire a financial adviser to study proposals by private equity firms and banks interested in investing in the Italian top flight's media business, chairman Lorenzo Casini said on Friday. 'Clubs will select an adviser to help the league in reviewing the proposals,' Casini told rep
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »