Packer sells media stake, ticketing to CVC
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James Packer, Australia&#39;s richest man,  has handed control of his family&#39;s media assets to private  equity partner CVC  and offloaded events and ticketing  interests to focus on a fast-expanding gaming empire.
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International Management Group, a sports and celebrity management and marketing firm that has represented Tiger Woods, Joe Montana and Derek Jeter, is being sold to a New York buyout specialist firm in a cash deal valued at more than $700 million.
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Paper and packaging maker MeadWestvaco  Corp. MWV.N said on Tuesday it has agreed to sell its paper  business and associated assets for $2.3 billion to cut debt and  focus on expanding its packaging business.
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James Packer, Australia's richest man, has handed control of his family's media assets to private equity partner CVC  and offloaded events and ticketing interests to focus on a fast-expanding gaming empire.
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Dutch bakery ingredients company CSM NV said Thursday it will sell its candy business to investment company CVC Capital Partners Ltd.
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Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer launched a joint A$3.3 billion ($2.9 billion) offer on Monday to buy out the Packer-backed publishing company Consolidated Media Holdings .
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CBS Sports announced Thursday that it was taking over day-to-day control of CSTV, the college sports media company it acquired in late 2005.
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ELEANOR HALL: Australia&#39;s most famous punter is making a push into the fast growing and lucrative Asian gaming industry. Kerry Packer&#39;s media and casino company PBL has signed a joint venture deal with a leading
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Kerry Packer, Australia&#39;s richest man, bought a stake in Stanley Ho&#39;s latest Macau gaming project as Asia&#39;s two biggest casino operators team up to expand in the region.
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CLEVELAND -- International Management Group, a sports and celebrity management and marketing firm that has represented Tiger Woods, Joe Montana, and Derek Jeter, is being sold to a New York buyout specialist firm in a cash deal valued at more than $700 million.
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Host Marriott Corp. said Wednesday that it is selling a majority of its stake in Courtyard hotels to an institutional investor for $92 million in a move to divest a noncore asset.
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Sabre Holdings Corp. , owner of  Web site Travelocity, agreed Monday night to be sold to private  equity firms Silver Lake Partners and Texas Pacific Group   for about $4.3 billion, the New York Times reported on  its Web site on Tuesday, citing people involved in the  negotiations.
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Australian financial services firm  MFS Ltd  said on Monday it will sell a 65 percent stake  in its Stella tourism business to private equity firm CVC Asia  Pacific, raising enough cash to meet its short-term debt  obligations.
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By staff writers and wires. KERRY Packer&#39;s Publishing and Broadcasting Ltd today reported a 75.4 per cent rise in annual net profit to $688 million with strong ads growth in its television and magazine divisions
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The second-largest radio company in the U.S. based on station count has agreed to sell the company to a group of investors that includes the broadcasterâs chief executive.
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The carrier sells its shares at a steep discount to the market price.
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The Los Angeles Sparks are sold for $10 million Thursday to an investment group led by two of the team's longtime season-ticket holders.