The Canadian Press

2015-04-20 | Cirque du Soleil

Preview Clip

Guy Laliberte, the founder of the Cirque du Soleil, says he is looking forward to other creative challenges as he sells his majority stake in the famed circus group to US private equity firm TPG for an undisclosed price. Laliberte has five children between the ages of seven and 18. He told a news conference he didn't want them to take over the business. (Laliberte, who says the Cirque is still a profitable venture that sells 11 million tickets a year, will maintain a 10 per cent stake in the Montreal-based company. The Chinese investment firm Fosun and Quebec pension fund manager the Caisse de depot will also hold minority stakes.)

Date: 2015-04-20
Placeline: MONTREAL.
Source: The Canadian Press
Length: 23 seconds

Transcript Prediction: << as a person I truly don't believe in 2nd generation enterpreneur sure okay what I've seen out of some friends who have to live. It's personal thing on the top of that I engage with conversation with some of my children and they have their own passion and as a father I want to be able to to support their passion >>