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CME receives Bulgarian deal approval

April 9, 2010 08.13 Europe/London By Chris Dziadul

The Bulgarian Commission on Protection of Competition (CPC) has given the green light to CME’s purchase of the country’s leading station bTV from News Corp.

Under the terms of the deal, first announced on February 18, CME has agreed to pay $400 million (€300.1 million) in cash for News Corp’s assets in Bulgaria, which besides bTV include the cable-delivered thematic channels bTV Cinema and bTV Comedy and 74% of Radio Company C.J. OOD.

The decision follows shortly on from the closure of a deal in which CME disposed of its assets in Ukraine. The funds from this will be used to fund the acquisition of bTV.

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Filed Under: Central & East Europe, Newsline Tagged With: CME Edited: 9 April 2010 08:13

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About Chris Dziadul

Chris 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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