News Corporation related stories
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Providence seals 4.5x exit on sports channelThe firm will partially exit its investment in broadcasting company YES Network, which Providence created alongside a group of co-investors including Goldman Sachs in 2001.
- PE-backed media group buys MySpace for $35m
Specific Media, backed by TPG Capital spinout Francisco Partners, has agreed to purchase social networking site MySpace alongside artist Justin Timberlake.
- Interview: Up for the challenge
Permira co-heads Tom Lister and Kurt Björklund discuss how the European private equity powerhouse is faring in the post-crisis world.
- CMC buys Chinese TV stations from News Corp
Government-backed private equity firm China Media Capital has agreed its first deal, reportedly valued at around $160m.
- Receivership: The most common exit in the UK this year
Since the beginning of 2009, 10 private equity-backed businesses have been put into receivership. This compares to eight exits via trade sale and three via secondary buyout.
- Ex-Adobe boss to advise Permira
Tech industry veteran Bruce Chizen will advise Permira’s newly established Silicon Valley office and join the board of portfolio company NDS. The firm has also hired Brian Ruder, formerly a partner at Francisco Partners, as it builds its tech team.
- Segulah completes €250m take-private
The global public markets are proving a fruitful hunting ground for private equity buyers. Swedish group Gunnebo is the latest company to move into private hands.
- Permira, News Corp in $3.7bn take-private
The management of set-top box technology company NDS has agreed to a take-private deal with media giant News Corp and UK-based buyout firm Permira. The private equity firm will own 51 percent of the company, with Rupert Murdoch’s media group owning the remainder.
- Permira, News Corp. jointly propose take-private
Rupert Murdoch’s News Corporation may receive $1.7bn in exchange for relinquishing majority control of publicly listed subsidiary NDS Group to the global private equity firm.
- Bessemer will reduce carbon footprint(4)
Bessemer Venture Partners will go ‘carbon neutral’ by the end of the year, a step few private equity or venture capital firms appear poised to take.