License Global is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Chorion Tipped for January Bid on HIT?

A report in the U.K.'s Sunday Times has suggested that Chorion, owned by private equity company 3i Group, is looking to launch a bid in January for HIT Entertainment and has shortlisted three private equity firms to fund the move.The newspaper report was

A report in the U.K.'s Sunday Times has suggested that Chorion, owned by private equity company 3i Group, is looking to launch a bid in January for HIT Entertainment and has shortlisted three private equity firms to fund the move.

The newspaper report was unsourced. HIT is being prepared for auction by its owner Apax partners with a price tag of up to £1 billion ($1.6 billion). Another U.K. newspaper The Daily Mail suggested that Chorion's chairman Lord Alli has been forced to seek outside help after 3i apparently dismissed his expansion plans.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish