Sweden-based private equity fund, EQT Partners, is proposing to sell its controlling stake in Taiwanese pay- TV group, Gala Television (GTV) for NTD 6 billion (USD 200 million). EQT had acquired 96.5% stake in GTV in February, 2011.
Gala TV runs four commercial cable and satellite television channels namely GTV One, GTV Variety Show, GTV Drama and GTV Channel K. The pay-TV’s content includes in-house produced, commissioned and acquired material which is broadcast for both domestic and overseas viewers in places such as China and Southeast Asia.
As per reports, domestic industrial conglomerate, Formosa Plastics Group and local financial investors are the potential buyers of GTV.
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