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EQT joins bidding race for Royal Challengers Bengaluru

privateequitywire

4 months ago

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EQT AB has entered the competitive auction process for ownership of the Indian Premier League team Royal Challengers Bengaluru, intensifying a growing private equity-led bidding war for one of cricket’s most valuable franchises, according to a report by Markets Group.
Thew report cites unnamed people familiar with the matter as revealing that EQT is preparing a binding offer that could value the franchise at between $2bn and $2.1bn, surpassing earlier non-binding proposals that included an appro...

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