EQT Leads Bidding for Stake in $14 Billion German Football Unit

EQT AB is leading the bidding as private equity firms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said.

The Nordic investment firm has so far presented the highest offer with an initial proposal valuing the unit at about €12.7 billion ($14 billion), according to the people. German professional football’s governing body plans to meet early next week to whittle down the list of suitors, the people said.