duo to buy stake in MP & Silva
China is set to deepen its investment in global sports and entertainment
with the acquisition of a majority stake in MP & Silva in a deal valuing
the Italian-owned media rights agency at just over $1bn.
大利人所有的媒体转播权代理机构MP & Silva的多数股份
China Everbright, a financial services company, and Beijing Baofeng
Technology, a listed online video group, will acquire a stake of more
than 60 per cent in MP & Silva, according to two people involved in the
process. A deal is expected to be announced within in the next 48 hours,
although the timing could slip. 据两名参与
视频集团北京暴风科技(Beijing Baofeng Technology)将收购MP &
China Everbright is a large state conglomerate that, like many of its
peers, is seeking to diversity abroad as its domestic banking arm
contends with ever slower economic growth at home.
Baofeng was one of China’s hottest stocks before the country’s markets
crashed last year, with its share price rising 3,300 per cent in the
three months to June 2015.
MP & Silva was established about a decade ago and makes 80 per cent of
its money from selling football rights, but also sells the French Open
in Europe and Formula One in the Middle East. MP &
The company had revenues of around $600m in 2014-15, and earnings before
interest, tax, depreciation and amortisation of just under $60m.
MP & Silva declined to comment. Everbright and Baofeng could not
immediately be reached for comment. MP &