Pursuits
MP & Silva Said Valued at $1.4 Billion in Sale to Chinese Group
- Beijing Baofeng Technology leads group taking majority stake
- Sports media rights company counts NFL, Formula 1 as partners
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MP & Silva, a sports media company whose partners include the National Football League, Formula 1 racing and the English Premier League, has agreed to sell a controlling stake to a group led by Beijing Baofeng Technology Co., according to a person with knowledge of the sale.
The deal values the company at $1.4 billion, said the person, who asked to be anonymous because the deal isn’t public. The size and details of the portion sold, as well as the other firms buying alongside Baofeng, weren’t disclosed.