Warners boss Jim Caparro who, as previously reported, is trying to buy Warner's CD/DVD manufacturing business off AOL Time Warner, is reported to have secured financing through investment firms Thomas Lee and Apollo. He will now have to compete with other manufacturing firms Cinram, Infodisc and Technicolor who are rumoured to be considering making an offer for the company. Capurro will presumably be hoping his links at Warners will give him an advantage in acquisition stakes.
Apr 10, 2003
•
1 min read
Warners boss has backers to start distribution acquisition attempt
Jim Caparro reportedly has backing from Thomas Lee and Apollo to buy AOL Time Warner's CD and DVD manufacturing business, facing rivals Cinram, Infodisc and Technicolor.