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BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT TO LEADING GLOBAL ALTERNATIVE ASSET MANAGER TPG
BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT TO LEADING GLOBAL ALTERNATIVE ASSET MA...
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[{"type":"text","content":"\n \n \n \n BOAT ROCKER SELLS MAJORITY STAKE IN UNTITLED ENTERTAINMENT TO LEADING GLOBAL ALTERNATIVE ASSET MANAGER TPG\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Boat Rocker to Receive\n \n \n 8.8\n \n \n % in TPG's New Talent Management and Representation Company\n \n \n \n \n Boat Rocker Provides Updated 2024 Outlook\n \n \n \n \n Management to Host a Call at 11 am ET\n \n \n \n \n All figures in Canadian Dollars unless otherwise stated\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 28, 2024\n \n \n /CNW/ - Boat Rocker Media Inc. (\"Boat Rocker\") (TSX: BRMI), an independent, integrated global entertainment company, today announced that it has sold its stake in talent management company Untitled Entertainment LLC (\"Untitled\") to TPG (NASDAQ: TPG) for proceeds comprised of cash in the amount of approximately\n \n $51.6 million\n \n CAD\n \n \n 1\n \n \n and 8.8%\n \n \n 2\n \n \n of the outstanding common equity in TPG's new talent management company (\"the Company\") (\"the Transaction\").\n \n \n \n \n \n \n \n \n \n The Company intends to acquire, invest in, and build a diversified global business centered on talent management, representation, and adjacent verticals. TPG is a leading global investment firm with significant experience investing across the entertainment, talent management, media, and music industries, with investments including Calm, Creative Artists Agency (CAA), DirecTV, Entertainment Partners, Fandom, MusixMatch, and Spotify.\n \n \n \n \n \n \n \n ___________________________\n \n \n \n \n \n \n \n \n \n 1\n \n \n Cash amount does not include transaction-related fees or customary purchase price and escrow adjustments. The cash amount ...