Belgian TV production company Studio 100 intends to acquire a 68% stake in German brand management and media company m4e.
The founding and principal shareholders of m4e – Hans Ulrich Stoef, Michael Büttner, Oliver Jansen and Cees Wessels (the latter through his associated companies TSC Holding and WMG Holding) – reached the agreement today with Studio 100 regarding the sale of all of their shares. Financial details were not disclosed.
The move will enable the creation of one of the leading kids and family entertainment content groups in Europe, according to a statement. The completion of the transaction is subject to several conditions including the approval by the German Federal Cartel Office.
“We are very happy about the agreement with Studio 100 and we are fully convinced that this is the right move for the future strategic orientation of m4e. The international markets are in a huge upheaval and consolidation phase on every level, taking into account the ongoing digitalisation amongst others,” said Stoef who will continue to act as CEO of m4e. “Together we are planning a strategic cooperation in the area of kids and family entertainment.”
Hans Bourlon, CEO of Studio 100, added: “We are very excited about taking the next step to our internationalisation. The synergies that are created by this acquisition will pay off in the years ahead.”