Italy's Serie A backs $2 billion bid for media unit stake

FILE PHOTO: Soccer Football - Serie A - Genoa v Inter Milan - Stadio Comunale Luigi Ferraris, Genoa, Italy - October 24, 2020 General view inside the stadium before the match REUTERS/Alessandro Garofalo/File Photo

MILAN/ROME (Reuters) - Italy's top-flight Serie A soccer league moved closer to selling a stake in its media business to boost virus-hit revenues when it agreed on Thursday to accept a 1.7 billion euro ($2 billion) offer from a private equity consortium.

At a meeting in Rome, all 20 clubs backed the offer, Serie A Chairman Paolo Dal Pino told reporters, adding the deal was expected to close in the coming weeks.