Perform Group names banks to oversee IPO -paper

LONDON (BestGrowthStock) – Digital sports media specialist Perform Group has named investment banks Morgan Stanley (MS.N: ) (Read more about the money market today. ) and Credit Suisse (CSGN.VX: ) to work on a planned 500 million pound ($789 million) flotation for next year, The Sunday Times newspaper reported.

People familiar with the matter told Reuters last month owner and billionaire Len Blavatnik was considering an initial public offering of Perform Group, which runs websites for the Premier League and Chelsea Football Club, on the London Stock Exchange next year.

A spokesman for Perform Group’s parent, Access Industries, declined to comment on the report.

($1=.6338 Pound)

(Reporting by Sudip Kar-Gupta; Editing by Karen Foster)

Perform Group names banks to oversee IPO -paper