Tuesday, August 23, 2011

Bridgepoint Close To Sealing Deal For Infront, But MotoGP And WSBK Likely To Remain Separate

The deal which will see Bridgepoint Capital, the parent company of MotoGP series owner Dorna, take over Infront Sports and Media, the owners of the World Superbike series, is nearing completion. It is widely expected that Bridgepoint will finalize the purchase of Infront by the end of this month, though the contracts have yet to be signed. The price that Bridgepoint will pay for Infront is not know, though the Financial Times reported earlier that bids of between 600 million and 1 billion euros had been entered for the Swiss-based company, with Bridgepoint holding off the sovereign wealth funds from both Qatar and Abu Dhabi to clinch the deal.

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Source: http://feedproxy.google.com/~r/MotoGPMatters/~3/1oi_K0qG904/bridgepoint_close_to_sealing_deal_for_in.html

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