Soccer-rights firm draws interest from Yunfeng

Yunfeng Capital - the fund backed by Chinese e-commerce billionaire Jack Ma, and HNA Group Co - is among participants preparing second-round bids for stakes in Spanish audiovisual company Imagina Media Audiovisual SL, according to sources with knowledge of the process.

Yunfeng is partnering with buyout firm Centerbridge Partners, the sources said.

Advent International Corp and Pamplona Capital Management LLP are also among bidders, they added. Second-round bids are due in the next few weeks and a buyer may emerge in the first quarter, one source said.