China Media Capital is raising a "few hundred million" for a dollar denominated investment fund, and investors will include Softbank, WPP and Time Warner.
WPP, Time Warner and Softbank are among the corporates that are set to invest in a fund currently being raised by Chinese government-backed investment fund China Media Capital sized at a “few hundred million” dollars, Bloomberg has reported, citing fund chairman Li Ruigang.
China Media Capital targets media assets, initially in China, though overseas investment is likely later, with consistent cash flow, a strong market position, established branding, and high growth potential. Founded in 2009 with an initial investment of…
