|
Post by The Ultimate Nullifier on Jul 6, 2017 10:40:25 GMT -6
deadline.com/2017/07/leeco-jia-yueting-resigns-china-media-capital-raises-600-million-fund-unifrance-toubiana-president-1202124288/China Media Capital Raises $600M Fund Li Ruigang’s China Media Capital has raised $600M for a fund to expand its entertainment and internet investments portfolio. The private-equity firm said on Wednesday that a third of the fund is already invested, although it did not elaborate, according to Caixin Global. CMC is now managing two U.S.-dollar funds and two RMB funds. An active investor, it has stakes in Imagine Entertainment, NextVR, Broadway Global Ventures, Oriental Dreamworks and IMAX China; as well as joint ventures with CAA (CAA China) and Warner Bros (Flagship Entertainment).
|
|