There are buyers out there:
privateers-snooping-for-distressed-assets-in-struggling-local-media-space/news-story/83f02a12eed54227f173ad1039758b21
California-based Silver Lake purchased Ticketek owner TEG from Affinity Equity Partners for $1.3bn last year and is known to have been actively examining distressed opportunities globally in the media and technology space — the sectors in which it specialises — since the onset of COVID-19.
The understanding is that it has been holding active discussions in the local market, although its actual interest could be in securing sports rights locally rather than acquisitions.
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California-based Silver Lake purchased Ticketek owner TEG from Affinity Equity Partners for $1.3bn last year and is known to have been actively examining distressed opportunities globally in the media and technology space — the sectors in which it specialises — since the onset of COVID-19.
The understanding is that it has been holding active discussions in the local market, although its actual interest could be in securing sports rights locally rather than acquisitions.