Equity fund buys out Taiwan cabler

Deal would be largest foreign buyout of a local cabler

TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler.

The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s dynamic cable market. When the ink dries on the CNS sale, all three of the island’s major cablers will be foreign-owned.

China Network is majority-owned by the Koos Group, which holds an 80% stake. With 1.1 million subscribers, China Network controls a 26% market share.

MBK was founded last year by entrepreneur Michael Kim, a former partner of U.S. buyout firm Carlyle Group, which purchased Taiwan’s second-largest cabler, Eastern Multimedia, earlier this year.

More Biz

  • Russell Simmons

    Russell Simmons Accused of Sexual Misconduct By Eight Women

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

  • Disney-Fox Deal: Uncertainty, Anxiety Heighten as

    Disney-Fox: Shock, Fear and Uncertainty Heighten in Face of Impending Mega Deal

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

  • Ryan Wiik photographed at his home

    Norwegian Cowboy Actor Settles Lawsuit Against Ex-Lover

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

  • Obit Obituary Placeholder

    Entertainment Attorney Arnold Burk Dies at 85

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

  • WME

    Marcus Levy, Amy Lynch and Andrew Russell Join WME's Comedy Touring Department

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

  • Meet those who spoke out on

    Meet Some of the People Who Came Out Against Weinstein, Ratner and More

    TAIPEI — Asia-based private-equity fund MBK Partners and Taiwan cable operator China Network Systems are expected to close a $1.6 billion sale later this month to give MBK full control of the island’s largest cabler. The deal, which would be the largest foreign buyout of a local cabler, concludes a round of activity in Taiwan’s […]

More From Our Brands

Access exclusive content