Mick Desmond exits IPCN as CMC buys in
China-focused rights business IPCN has secured an injection of capital from Chinese state-backed private equity fund CMC, while former ITV executive Mick Desmond has sold his share in the company and exited the business. The undisclosed investment from CMC, executed through its investment vehicle Gravity, gives it 48.1% of a new holding company, Pegasus. IPCN […]