The Qatar Investment Authority (QIA) has lost its bid to buy media agency Infront, ArabianBusiness.com reports. U.K. private equity firm Bridgepoint Capital will pay €550 million for the agency that controls the broadcasting rights to the FIFA World Cup, six winter sports federations, AC Milan and the World Superbikes series.

Dubai’s sovereign wealth fund decided not to tender an offer for Infront this year. QIA holds stakes in Barclays, Sainsbury’s and the London Stock Exchange.

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