Deals
Saudi Arabia Eyes Stake in Broadcaster It Banned For Years
- Wealth fund PIF, US buyout firms signal interest in BeIn
- BeIn says company considering a number of strategic options
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Saudi Arabia’s sovereign wealth fund is considering an investment in BeIn Media Group, people familiar with the matter said, in what would be a major shift by the kingdom which until only recently had banned the Qatari broadcaster.
The Public Investment Fund is among parties that have informally signaled interest in partnering with Doha-based BeIn, according to the people, who asked not to be identified discussing confidential information. US private equity firms are also keen to invest, they said.