'KKR To Sell Audiobook Publisher RBmedia' - WSJ
Portfolio Pulse from Happy Mohamed
Private-equity firm KKR is selling audiobook publisher RBmedia to investment firm H.I.G. Capital. The move comes as consumer demand for spoken content grows.
July 25, 2023 | 3:49 pm
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NEUTRAL IMPACT
KKR is selling RBmedia to H.I.G. Capital. This could potentially free up resources for KKR to invest in other areas.
The sale of RBmedia by KKR to H.I.G. Capital could potentially free up resources for KKR to invest in other areas. However, the financial details of the deal are not disclosed, making it difficult to predict the exact impact on KKR's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100