Thursday June 4, 2020

Irish TV in crunch talks to find new investor

Mounting uncertainty over the long-term commitment of millionaire backer John Griffin

6th November, 2016

Irish TV, the diaspora-focused television broadcaster, is this weekend scrambling to secure new funding, with mounting uncertainty over the long-term commitments of its main backer, the millionaire businessman John Griffin.

The operation has been backed by Griffin, who sold a majority stake in British taxi company Addison Lee to private equity group Carlyle for €360 million in April 2013. But several sources said that his involvement is coming to an end.

It is understood that KPMG...

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