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Wednesday, February 21, 2024
CEOWORLD magazine - Latest - CEO Advisory - Taiwan set to approve Carlyle Group L.P. Taiwan cable TV unit Kbro Co. sale

CEO Advisory

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

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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CEOWORLD magazine - Latest - CEO Advisory - Taiwan set to approve Carlyle Group L.P. Taiwan cable TV unit Kbro Co. sale
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned 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. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.