Taiwan Optical Platform acquires Carlyle Group’s Interest in Eastern Broadcasting for $350 million


Paul, Weiss client The Carlyle Group has agreed to sell its majority interest in Eastern Broadcasting Corporation (EBC), Taiwan’s largest television broadcaster, to Taiwan Optical Platform Co., Ltd. (TOP), a Taiwan-based telecommunications services provider.

Carlyle first acquired an interest in EBC in 2006 and signed the sale and purchase agreement with TOP on October 14, with a consideration of approximately $350 million. The deal is expected to close by early 2017.

The Paul, Weiss team included corporate partner Jeanette Chan (Picture) and counsel Corinna Yu.

Involved fees earner: Jeanette Chan – Paul Weiss Rifkind Wharton & Garrison; Corinna Yu – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Carlyle Group;

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Author: Michael Patrini