LONG RUN:The sale, if approved, would bring an end to Carlyle’s involvement in Taiwanese media companies, which began with its purchase of Taiwan Broadband
Date: Nov 24, 2015
Carlyle Group LP has agreed to sell control of Eastern Broadcasting Co (EBC, 東森電視) to a US film producer for about US$370 million, allowing the private-equity firm to exit the last of its Taiwanese media investments, a person with knowledge of the matter said.
Carlyle is selling its entire 62 percent stake in a deal valuing the Taiwanese broadcaster at about US$600 million, the person said, asking not to be identified before the transaction is completed.
Dan Mintz, chief executive officer of Los Angeles-based DMG Entertainment, on Sunday said in a statement that he is buying Carlyle’s shares, but did not disclose any terms regarding the deal. [FULL STORY]