Blackstone, Temasek submit bids for Diageo stake in RCB
Blackstone Inc. and Temasek Holdings Pte are among the early bidders for control of Royal Challengers Bengaluru (RCB), two people familiar with the matter said. Diageo, which owns RCB’s parent United Spirits Ltd (USL), had begun the sale process of the IPL champion franchise in November. The private equity (PE) heavyweights have submitted non-binding bids, … Read more