Saban Capital Group Inc., the private- equity firm of Univision Communications Inc. Chairman Haim Saban, wants to triple its investments in Asia over the next two years focusing on media and communication.
Saban Capital Group, U.S. billionaire Haim Saban’s private-equity firm, opened its first Asian office in Hong Kong and plans to invest “a significant” amount of capital in the region, said the company’s president.
Bank Leumi Le-Israel Ltd. rose to the highest in almost a month after a local website reported investor Haim Saban and outgoing Leumi Chief Executive Officer Galia Maor may acquire a stake in the bank. The bank denied the report after the close of trading today.
Saban Capital Group, led by U.S. billionaire Haim Saban, bought a 5 percent stake in Indonesia’s PT Media Nusantara Citra for 692 billion rupiah ($78.2 million) in its first investment in the Southeast Asian country.
In the sanctuary above an herbal tonic bar, before a seated Buddha and a pair of mandalas, 48 volunteers for congressional candidate Marianne Williamson close their eyes and meditate as Annelise Balfour, the manager and head facilitator of the Source Spiritual Center, intones a welcome prayer.
Univision Communications Inc., owner of the most-watched Spanish language TV network in the U.S., said Executive Chairman Haim Saban will assume added duties after the resignation of Chief Executive Officer Joe Uva .
Saban Capital Group Inc. Chief Executive Officer Haim Saban told CNBC that the Grupo Televisa SA buy of as much as 35 percent of Univision Communications Inc. for $1.2 billion will be “very accretive” for Univision.