The Hungarian Competition Office (GVH) has approved the acquisition of a controlling stake in IKO Media Holding by RTL Group Central and Eastern Europe.
According to BBJ, the GVH has not disclosed the size of the stake.
The move is significant for the country’s TV industry in that IKO Media Holding owns Magyar RTL Televizio, the operator of RTL Klub, the leading TV station in Hungary.
Last July it was announced that RTL Group had acquired the 31% shares in RTL Klub it did not already own, as well as secured complete ownership of the cable channels Cool, Film+, Film+2, Reflector, Prizma, Sorozat+ and Muzsika TV.
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