German Soccer Picks Blackstone, CVC as Suitors for TV Rights (1)

Germany’s professional football governing body DFL picked private equity firms CVC Capital Partners and Blackstone Inc. as final suitors for a stake in the league’s media rights, according to a statement Wednesday.

DFL Deutsche Fussball Liga GmbH’s supervisory board on Wednesday decided to eliminate EQT AB from the bidding. A representative for EQT declined to comment.

DFL is seeking bids of up to €1 billion ($1.1 billion) for a stake of as much as 8% in a subsidiary housing the Bundesliga broadcasting rights, Bloomberg News has reported.

Blackstone has signaled to the DFL that it would appoint Juergen Pinker ...