By Reuters Staff
2 Min Read
SOFIA (Reuters) -Balkan telecoms and media company United Group, owned by private equity firm BC Partners, said on Friday it was in talks with Advance Media Group to acquire Bulgaria’s largest multi-platform media company Nova Broadcasting Group.
United Group, which acquired Bulgaria’s leading telecoms operator Vivacom earlier this year, did not disclose a price for Nova, which owns ten TV channels including national NOVA TV, four radio stations and the country’s largest online platform Net Info.
Local media said the deal could be worth between 250-300 million euros ($303 million-$363 million).
In 2019, Advance Media Group, owned by two brothers, Bulgarian businessmen Kiril Domuschiev and Georgi Domuschiev, acquired Nova from Swedish entertainment company MTG for 185 million euros. In October, Nova bought three local TV channels and four radio stations.
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.
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Advance Media Group, a subsidiary of the investment group Advance Properties, jointly owned by Kiril Domuschiev and Georgi Domuschiev, is in talks with United Group, the leading provider of telecommunications services and media in Southeast Europe, on the possible
sale of the largest multi-platform media house in Bulgaria – Nova Broadcasting Group.
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.
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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.
United Group in talks to acquire Bulgaria s Nova Broadcasting Group reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.