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Stock impact report

Serie A to discuss bids over media right business next week - sources [Reuters]

Wanda Sports Group Company Limited (WSG) 
Last wanda sports group company limited earnings: 11/18 12:55 am Check Earnings Report
Company Research Source: Reuters
Serie A to discuss bids over media right business next week - sources MILAN (Reuters) - Clubs in Italy’s Serie A soccer league will meet next week to discuss investor bids for their media business, with an array of international funds expected to join the race, two sources familiar with the matter said on Thursday. Representatives from the 20 Serie A clubs will meet on July 30 to discuss various proposals, the sources said, cautioning that a decision might not emerge that day. Seeking to boost revenues, Serie A last week asked investors to submit bids to buy a stake of up to 15% in a newly created media company which would control the league’s broadcast rights. Private equity firms CVC, Bain Capital, Advent International, TPG, Apollo and General Atlantic were invited to submit bids by Friday but one of the sources said the deadline had been pushed back to Monday to give investors more time to detail proposals. The same source said other investors are expected to join the race, potenti Show less Read more
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