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Providence Equity, WPP Group In Talks About $546M Takeover Bid For Chime

Published in SportsBusiness Daily Global on 07 / 30 / 15

Marketing services group Chime Communications "is in advanced talks about a takeover" valuing it at more than £350M ($546M), according to Mark Kleinman of SKY NEWS. Chime Communications "has received a joint bid approach from Providence Equity, one of the world's biggest buyout firms, and WPP ...

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Hair-Raising Ride For Tacopina

The high-stakes gamble of Joe Tacopina and fellow investors in Serie A side Bologna FC climaxed in the last few minutes of a hair-raising match Tuesday night as his Rossoblù squad survived a furious onslaught on the pitch and advanced to the top Italian league. It was the nexus of sport and b ...

Tags: Finance, Europe

FIFA: Scandal A Concern For Russia

There is "growing concern among Moscow's sports and business elites" about what the ballooning FIFA corruption scandal "may mean for Russia," according to Farchy & Weaver of the FINANCIAL TIMES. Former Russian football club Anzhi Makhachkala Manager German Chistyakov said, "Of course, the situat ...

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Adidas Could Restore 'Made In Germany'

Most of the 258 million pairs of shoes produced each year by adidas "are made in low-cost Asia," according to Emma Thomasson of REUTERS. That could soon change as cheaper, faster and more flexible robots mean manufacturing -- including producing fiddly footwear -- "could be brought closer to consume ...

Tags: Finance, Europe

AFL's Money Divide Shrinking

The gap between the wealthiest and poorest Australian Football League clubs "widened to a record margin last year but early indications this season are that the great divide is finally closing," according to Denham & Smith of THE AUSTRALIAN. New equalization methods introduced for this year "are ...

Tags: Finance, Australia

Liga MX Side Chiapas Makes Payments

On Tuesday, Liga MX side Chiapas was "in the eye of the hurricane for the two months of payments it owed to its players," a quantity of 25M Mexican pesos ($1.62M), according to Jesús Hernández Téllez of LA AFICIÓN. But at 9pm local time on Tuesday, club Chair Carlos L&oac ...

Tags: Finance, North America

Messi's Appeal Against Tax Trial Rejected

Barcelona's Lionel Messi is a "further step closer to being tried for tax fraud after the city's highest court rejected his latest appeal which claimed the player should not be punished as he was not aware" of how his tax affairs were being organized, according to Dermot Corrigan of ESPN. Lionel a ...

Tags: Europe, Finance

Finance Notes

German media conglomerate Constantin Medien AG has confirmed its economic targets for the full year '15 at the annual general meeting in Munich. Following a good first quarter, the media company has set a “solid basis” to continue the positive trend from the previous year and to be profi ...

Tags: Finance

Juve President Confused By AC Milan Deal

Serie A side Juventus President Andrea Agnelli has questioned Bee Taechaubol's reported €500M ($564M) deal to buy 48% of AC Milan, saying, "I really struggle to make the sums add up," according to Selene Scarsi of ESPN. An investment group led by Taechaubol has "secured an exclusive period of e ...

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U.K.'s Channel 4 Returns To Profitability

The U.K.'s Channel 4 has returned to profitability after two years of deficit, describing '14 as creatively and financially one of its "strongest performances," according to Arif Durrani of CAMPAIGN LIVE. Channel 4's 2014 Annual Report, published on Tuesday, reveals the broadcaster "has met its plan ...

Tags: Finance, United Kingdom

Lagardère Acquires Akzio Ajoint

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Tags: Europe, Finance

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