Kuwait Projects Co (Kipco) has hired Goldman Sachs to advise it on the sale of Middle East pay TV operator OSN, according to a Reuters report, citing unnamed sources. Kipco owns a 60.5% majority stake in the pay TV outfit. It had previously hired Rothschild in 2013 to evaluate strategic options for the business, including […]
Kuwait Projects Company (Kipco) has reportedly rejected a US$3.2 billion (€2.4 billion) offer from an unnamed US private equity group for a majority stake in pay TV operator OSN. The private equity group’s offer comprised US$2.4 billion in cash and a further UIS$800 million that would have been subject to certain conditions being met, for […]
Kipco, the majority owner of Middle East pay TV provider OSN, has received an offer for the company from an unspecified bidder. Kipco said it would evaluate the non-binding confidential offer and present it its board and minority ownership partner Mawarid Group. The group didn’t identify the buyer or the price. Dubai-based brokerage firm Arqaam […]
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