The Business of Multiscreen Television
The Hungarian cable operator TvNetWork has been bought out by its four largest shareholders.
According to Budapest Business Journal, this follows a buyout offer made by Digi Kft on June 29 at a price of HUF300 (€1.08) a share.
Following the sale, the four shareholders – Digi Távközlési, Netherlands-based Carose and the Cyprus-register Trumbull Capital Advisors and Sjor Capital Limited – now own 99.61% of shares in TvNetWork, having previously held 85%.
About Chris DziadulChris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com
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