Modern Times Group is to take full control of Danish net TV 2 Sport.
The Stockholm media house has agreed to acquire the remaining shares from its joint venture partner TV 2 Danmark in return for an undisclosed cash fee and the transfer of the exclusive Danish broadcasting rights to the European Handball Championships for 2016 and 2018, which are currently held by the Group.
The transaction is subject to agreement from the Danish regulatory authorities.
TV 2 Sport was launched in April 2007 by MTG and TV 2 as a 50/50 joint venture company. It broadcasts the premium sports channel TV 2 Sport, TV 2 Sport HD, and the dedicated TV 2 Sport Premier League channel.
Established in 2007, TV 2 Sport has operated independently of both MTG and TV 2.