Chorion the latest to be linked with Hit buyout

Chorion shortlists three private equity firms to fund a takeover of Hit Entertainment.
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The Sunday Times has reported (in an unsourced story), that the firm has been securing funding for a January bid for Apax Partner's Hit Entertainment, which is being auctioned for up to £1 billion.

The new investor will be chosen in the next two weeks with help from investment bank Jefferies, the report said.

A deal would see the two businesses rolled together, with 3i, owner of Chorion, maintaining a minority stake.

The news comes after reports back in October that Chorion, Viacom and Disney, were interested in the sale.

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