Venture capital firm Benchmark Capital has acquired a 50 per cent stake in television channel NASN (North American Sports Network).
While the financial details of the deal were not disclosed, it is understood Benchmark paid in the region of €20m for the stake.
The deal follows a shareholder restructuring whereby Setanta Sport acquired co-founding investor Vulcan European Media Holdings' 70 per cent stake in the channel.
Following the sale to Benchmark, Setanta Sport now holds a 50 per cent stake in NASN.
NASN was launched in the UK and Ireland in December 2002 and broadcasts mainly North American sports. The available on the Sky, NTL and Telewest platform
