U.S. and European private equity firms have their sights set on the media industry these days. While certain media stocks are languishing in the midst of the broadband revolution, investors are biding
their time, keeping a close eye on both the media and tech sectors. "Media is hot," said Mark Epley, the head of financial sponsors coverage at Deutsche Bank, at a Reuters conference in New York,
adding that the mergers and acquisitions spotlight should be placed squarely on media. He expects several private equity deals to be forthcoming, somewhere in the range of $25 billion, as media firms
shun the high valuations of certain public companies. So-called "sponsor groups" are in charge of arranging financing and strategies for private equity M&A deals.
Read the whole story at Reuters.com »
