ITV

Tag: Equity Partners

  • Chernin bids $500 million to buy Hulu, reports

    Chernin bids $500 million to buy Hulu, reports

    MUMBAI: Former News Corp President Peter Chernin is said to have made a bid for online video streaming service Hulu at a bid amount of $500 million.

    A couple of years earlier, Chernin had bid for the company he had helped to create but it had been rejected. Hulu is co-owned by News Corp, Comcast and Disney.

    Reports indicate that there is lack of clarity in terms of where Hulu – which is losing money – is going.

    Chernin in his venture CA Media got funding from Providence Equity Partners which was Hulu‘s initial investor but sold its stake last year. If Chernin ended up buying the site, Providence would essentially end up as a Hulu backer again.

    If Chernin does buy Hulu it is possible that it would also look at India. CA Media is headed here by Rajesh Kamat.

  • Television sports agency Sportfive put up for sale

    Television sports agency Sportfive put up for sale

    MUMBAI: European sports television agency Sportfive will be sold.

    Media reports indicate that Sportfive’s owners – US private equity firm Advent International, media firm RTL, and investment bank Goldman Sachs – are hoping to take advantage of the interest in sports rights businesses in the wake of the Fifa World Cup. Goldman and Morgan Stanley are looking for a price in the reange of €800 million and €1bn.

    Private equity firms like Equity Partners, Apax Partners and Blackstone are said to be eying Sportfive.

    Advent and Goldman them own 65 per cent of the company. RTL has a 25 per cent stake and management has the remaining 10 per cent.