Investment fund Oaktree has submitted a preliminary non-binding offer to invest 1.75 billion euros ($1.90 billion) into the media business of Italy’s Serie A soccer league, people familiar with the matter said on Friday. Serie A’s media business, which mainly consists of the broadcast rights for live matches, has drawn interest from international banks including JP Morgan, as well as private equity investors at a time when Italian clubs are looking at ways to boost revenue.
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