Monday 25 November 2013

Dubai TV network OSN’s valuation surges 72% ahead of planned IPO | The National

Dubai TV network OSN’s valuation surges 72% ahead of planned IPO | The National:

"Dubai-based Orbit Showtime Network (OSN) is worth US$4.3 billion, according to a new valuation by Arqaam Capital.

The brokerage said the new figure represents a 72 per cent increase following OSN’s acquisition of Pehla Media & Entertainment.

Separately, OSN yesterday secured a $200m financing facility.

Arqaam’s valuation, in a research note, places the pay-TV network among the biggest media companies in the region ahead of a planned initial public offering."

'via Blog this'

No comments:

Post a Comment