Carlyle Group sells stake in Asian TV network

US-based Carlyle Group to sell 61% stake to Hollywood filmmaker Dan Mintz
Carlyle Group sells stake in Taiwanese cable TV network, News, Broadcast Business

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The Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5% stake, has agreed to sell its 61% stake in Taiwan's Eastern Broadcasting Corp (EBC) to Hollywood filmmaker Dan Mintz, Reuters reported.

Mintz, a co-executive producer of Hollywood movies including 'Iron Man 3', said in a statement that he was in the process of buying the stake, without disclosing the deal's value nor the source of funding.

The Los Angeles Times earlier reported that Mintz said he had agreed to pay $600 million in the deal, seeking to tap into EBC's potential China growth as a broadcaster of content in Mandarin.

"As a media network EBC offers tremendous growth opportunities in digital, Mandarin-language content, premium content creation and distribution, which will become the anchor platform for ongoing global expansion of Mintz's businesses," the film producer said in his statement.

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