Report: ProvEquity in Travel Channel bid
Full Story: Report: ProvEquity in Travel Channel bid Source: Providence Business News, September 17th, 2009 Author: Ted Nesi Added on September 18th, 2009 at 1:39 pm, by Matt Mikula
Providence Equity Partners Inc. is one of three private equity firms that have placed bids for the Travel Channel, Reuters reported Thursday.
Providence Equity, Kohlberg Kravis Roberts & Co., and Thomas H. Lee Partners L.P. each submitted separate bids in an auction that is expected to see Travel Channel Media, owned by Atlanta-based Cox Communications Inc., sell for between $600 million and $700 million, according to Reuters, which did not identify its sources. The funds declined to comment.
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