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Tuesday, March 28, 2023

C-Suite Advisory

Taiwan set to approve Carlyle Group L.P. Taiwan cable TV unit Kbro Co. sale

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajC-Suite Advisory

Taiwan’s media and broadcasting regulator is set to approve private-equity firm Carlyle Group L.P.’s [CYL.UL] $1.14 billion sale of  Taiwan cable TV unit Kbro Co. On July 26, the Tsai Family, which controls Fubon Financial Holding Co. (2881.TW), said it was in talks with Carlyle to buy Kbro TV and was awaiting regulatory approval. The Tsai family will assume Kbro’s debt of more than T$20 billion.

Under the original deal, agreed in September 2009, phone company Taiwan Mobile (3045.TW) had agreed to buy the Carlyle unit, Kbro, but the deal lapsed in the face of a Taiwan law that bans state ownership of media entities.

The deal would mark Carlyle’s latest exit from Taiwan, and bodes well for the on-going bidding process for private equity investor MBK Partner’s sale of China Network Systems (CNS), Taiwan’s No.2 cable TV operator.

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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