
CVC enters MOU to offload Magnum
CVC Capital Partners has reportedly entered into an MOU with Malaysian Multi-Purpose Holdings Berhad (MPHB) to sell its 47% stake in gaming forecaster Magnum Corp. MPHB also looking to take the 2% stake held by Magnum’s management, giving it 100% ownership of the asset with the 51% stake it currently owns.
According the Malaysian Star, the value of the full transaction is approximately $530-540 million, which will be paid for in a combination of cash and stocks. Magnum was established in December 1968 and...
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