The Carlyle Group Signs a Deal to Sell Eastern Broadcasting Corporation (Asia)
Source: Bloomberg Business | Author(s): Cathy Kit Ching Chan
Dan Mintz, Chief Executive Officer of Los Angeles-based media company DMG Entertainment, has signed a deal to acquire a 62 percent stake in Taiwan-based television network Eastern Broadcasting Corporation (EBC) from global alternative asset manager The Carlyle Group for a reported deal value of US$600 million. Carlyle originally invested in EBC in 2006. The transaction is subject to regulatory approval.