WTA

CVC inks strategic partnership with WTA, takes minority stake

Last updated : Mar 09, 2023 19:03
SportzPower Team
Mar 08, 2023 18:03

The Women’s Tennis Association has entered into a commercial rights partnership with CVC Capital Partners that also entails the private equity giant taking a minority stake in the WTA. 

While financial details were not revealed, Sky News reports that CVC would be paying $150 million for a 20% stake in the WTA, with the firm set to establish a new company to oversee broadcasting and marketing operations.

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