A consortium of private equity firm Guggenheim Partners,
Mandalay Entertainment and Mosaic Media Investment Partners have struck a deal
to acquire Dick Clark Productions, a small production company whose specialty
is primarily awards shows.
Joe Flint at the LA Times reports while neither buyer nor
seller would disclose the purchase price, people familiar with the transacwion
said the company was sold for between $370 million and $385 million. Either
figure is more than double what current owner RedZone Capital Management paid
for DCP in 2007. RedZone is the private equity firm controlled by Washington
Redskins owner Dan Snyder.
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