Thursday, September 11, 2008

Big news - "WTC sold to private equity firm"

"Ironman Triathlon's new owner is Providence Equity Securities. In a sale completed within the last 48 hours, World Triathlon Corporation (WTC) transferred all its equity to a new corporation called World Endurance Holdings.
Providence Equity is large, as private equity firms go, with total committed capital of $21 billion. It specializes in media and entertainment. Its holdings include a large commitment to television, and one recent acquisition was all of Clear Channel's TV stations. It also owns a variety of cable providers, as well as Univision, the largest Spanish network in the U.S. The firm owns Warner Music, and the MGM brand along with theater chains." [source: slowtwitch] Lets see --- Kjell

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