comparemela.com

Latest Breaking News On - நிகர தகவல் - Page 4 : comparemela.com

United Group unit gets antitrust nod to acquire Bulgaria s Nova Broadcasting Group

United Group unit gets antitrust nod to acquire Bulgaria s Nova Broadcasting Group Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic. SOFIA (Bulgaria), January 18 (SeeNews) - Bulgaria s antitrust body said on Monday that it gave the green light to United Media, part of Dutch-based telecommunications and media company United Group, to acquire 100% of Bulgarian multi-platform media company Nova Broadcasting Group from Sofia-based Advance Media Group. The Commission for Protection of Competition (CPC) allowed Luxembourg-based United Media to buy Nova Broadcasting Group and its subsidiaries Net Info, Daric News, Vbox, Elit Media Bulgaria, Radio Veselina, Radio Express, Vitosha FM, Agencia Vitosha and Agencia Atlantik as well as to exercise joint control of Financial Marketplace, Grabo Media and Attica Eva, the competition authority said in its decision.

Bulgaria competition regulator approves sale of broadcaster Nova Televizia

United Group announced the agreement to buy Nova Broadcasting last month, without disclosing financial terms, but Bulgarian media reports put the value of the deal at about 300 million euro. Nova comprises of 10 TV channels including national Nova TV, the country’s largest online platform Net Info that reaches on average 80 per cent of the Bulgarian population every month as well as four radio stations. United Group, owned by London-based private equity firm BC Partners, currently offers pay TV, internet and telecommunications services in Bulgaria, Greece and the six former Yugoslav republics. It closed the deal to buy Vivacom, one of Bulgaria’s three major telecom operators, in July 2020.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.