Platinum Equity Completes PlayPower Acquisition
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January 18, 2005
Businesses in France and the United Kingdom are Europe’s Largest Club-Based Marketers of DVD, CD and Video Game Entertainment LOS ANGELES (Jan. 17, 2005) – Platinum Equity announced today that it has acquired Universal Group Direct and DIAL – Europe’s largest club-based marketers of DVD, CD and video game entertainment – from Vivendi Universal. Financial terms were not disclosed. The two businesses serve about 1.5 million active customers and generate annual revenue of approximately €170 million. “These are the leading home entertainment dis...
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