United Group expects to close purchase of Bulgaria s Nova Broadcasting in early 2021 Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), December 29 (SeeNews) - Dutch-based telecommunications and media company United Group said that its acquisition of Bulgarian multi-platform media company Nova Broadcasting Group is expected to close early next year.
United Group reached an agreement to acquire Nova from Bulgaria s Advance Media Group after the transaction receives all the necessary regulatory approvals, the Amsterdam-headquartered group announced in a statement last week.
The value of the deal was not disclosed.
The acquisition is in line with the overall strategy of United Group to own both telecom and media assets in the markets it serves, Victoriya Boklag, CEO of United Group, said in the statement.
United Group unit seeks antitrust nod to acquire Bulgaria s Nova Broadcasting Group Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), December 14 (SeeNews) - Bulgaria s Commission for Protection of Competition said on Monday that United Media, part of Dutch-based telecommunications and media company United Group, is seeking approval to acquire Bulgaria s Nova Broadcasting Group.
Interested parties have until December 21 to submit their statements regarding the transaction to the regulator, a notice published on the competition authority s website reads.
On Friday, United Group said that it is in talks with Bulgaria s Advance Media Group over the possible acquisition of Nova Broadcasting Group.
Bulgaria s Advance Media Group in talks with United Group on possible sale of Nova Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), December 11 (SeeNews) - Bulgaria s Advance Media Group is in talks with Dutch-based telecommunications and media company United Group for the sale of Nova Broadcasting Group, United Group said on Friday. A potential deal is dependent on the successful completion of negotiations between the parties, as well as on the conclusion of a binding Sales and Purchase Agreement between them and on obtaining all necessary approvals from the relevant regulatory authorities in Bulgaria and abroad, United Group said in a press release.