Elliott and Mediapro Discussed Italian Soccer-Rights Deal
- U.S. fund held talks with Spanish broker for Italy’s Serie A
- Mediapro beat Sky, Mediaset in $3.71 billion Italy soccer bid
Photographer: Claudio Villa - Inter/FC Internazionale via Getty Images
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Paul Singer’s Elliott Management Corp. and Mediapro have discussed the possibility of the U.S. hedge fund backing the Spanish TV and film producer’s investment in broadcast rights to Italy’s top soccer league, according to people familiar with the matter.
Officials for New York-based Elliott met Mediapro head and co-founder Jaume Roures twice this month in Milan, said the people, who asked not to be identified because the talks are private. The discussions are preliminary and may not lead to a deal, the people added. The fund’s eventual role could be to provide financing, they said. One person said Elliott has decided not to move ahead for now.