Report: Goldman and Legend in Chinese media deal

A Chinese operator of LCD screens on trains has reportedly received $58m of final round funding ahead of a planned listing on the Nasdaq.

Universe Media Holdings, a Chinese media and advertising company, has secured funding worth Y400 million (€39 million; $58 million) from Legend Capital, a media-focused Chinese venture capital fund, and a Goldman Sachs fund, according to a report on Reuters.
 
This is to reported to be the last fundraising round for the company, which has said it intends to float on the US Nasdaq market possibly as early as this year.
 
Universe Media operates more than 75,000 LCD screens on around 500 domestic trains in Chnia and was formed through the merger of two operators, Epin Media and Guang Yuan Media, in May this year.
 
Legend Capital focuses on media and IT investments. In July it received a commitment of $10 million to its Legend Capital IV fund from UK government fund of funds CDC.
 
Goldman Sachs declined to comment and Legend Capital was unavailable at press time.