Carlyle approached for Taiwanese cable stake

A report by Reuters, which broke the story, indicates that Eastern Media submitted an expression of interest for Carlyle’s stake. However, because the business is profitable Carlyle is not expected to offload the asset. Eastern Media is the second-largest investor in the company, holding 21.3% of the company. Taiwanese local news suggested that Carlyle’s stake could be worth as much as T$7.5 billion ($250 million).

Taiwan’s cable space has been an active sector for private equity players in recent months. In November, Carlyle received long-awaited approval from Taiwan’s media and telecoms regulator for the sale of local cable TV and broadband asset Kbro to the Tsai family, for T$36 billion ($1.2 billion). In October, MBK Partners – launched by former President of Carlyle Asia Partners Michael Kim – completed its exit from China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit.

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• Topics
• Media
• Greater China
• The Carlyle Group