Vincent Tan Mulls Selling Stake in Berjaya Sports

Malaysian tycoon Vincent Tan is considering selling a 49% stake in the gaming unit of Berjaya Sports Toto Bhd, and has hired Citigroup Inc. as an adviser, Reuters reported. The deal could be worth $1 billion including debt, Reuters wrote. Buyout shops Carlyle Group and Providence Equity Partners were reportedly among those recently approached to buy the stake.

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