CVC Capital Partners In Talks For A $600m Merger Of ATP And WTA
By Taruka Srivastav | June 8, 2021
CVC Capital Partners, the former owner of Formula One motor racing is in negotiations for a $600m deal that could transform the face of global tennis by combining the organisers of the men’s and women’s tours under a single commercial entity.
According to Sky News, CVC is aiming to get the approval from the ATP and WTA boards later this month.
CVC is also in the process of buying a stake in the Six Nations Rugby championship, although that deal has attracted interest from the Competition and Markets Authority.
CVC already bought a stake in the International Volleyball Federation’s commercial rights, while it is also examining deals in the US’s NBA basketball league and women’s football in England.