Update: Market Chatter: Carlyle, Others Prepping Bids for Serie A International Media Business

MT Newswires Live

Sep 04

(Updates to add Bain's response in the third paragraph)

Carlyle (CG), Bain Capital, Oaktree and Nextalia are among the firms preparing to bid for a minority interest in a company holding the international media rights of Italy's Serie A soccer league, Reuters reported Tuesday, citing three sources familiar with the matter.

Binding bids of up to 20% stakes in the unit, including its betting and sponsorship business, are due by Friday, according to the report.

Bain declined comment, and the other firms did not respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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