US media group iMedia Brands has signed a purchase agreement to acquire German teleshopping channel 1-2-3.tv from German investment company Arcus Capital for an enterprise value of around $95 million.
Arcus Capital acquires 1-2-3.tv
Munich-based investment company Arcus Capital along with BE Beteiligungen Fonds has taken over German teleshopping channel 1-2-3.tv from financial investors Wellington Partners, Target Partners and Cipio Partners.