Blackstone backs out of Bundesliga media rights bidding
Private Equity Wire
FEBRUARY 15, 2024
Blackstone has withdrawn its bid to acquire a stake in the company holding the media rights to German football’s Bundesliga as opposition from fans to the involvement of foreign private capital reached fever pitch, according to a report by Bloomberg. The report cites unnamed sources as confirming that following Blackstone’s withdrawal, CVC Capital Partners, which has already struck deals for stakes in the media interests of La Liga and Ligue 1, the elite Spanish and French football l
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