• Central & East Europe
  • Features

Broadband TV News

Independent. Since 2003

  • Home
  • Newsline
    • Platforms
      • Cable
      • Connected TV
      • IPTV
      • Satellite
      • Terrestrial
    • Technology
    • HDTV
    • Channels
    • On Demand/VOD
    • Distribution
    • Central & East Europe
    • Event Coverage
      • Calendar of Events
    • Regulation/Legal
    • Marketing
    • Columns
      • Briel On
      • Chris Dziadul Reports
      • Clover’s Week
    • People
    • Finance
  • Resources
    • White Papers
    • Download Presentations
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • About
    • Contacts
    • Our Privacy Policy – Terms and Conditions
    • Editorial Calendar
    • RSS & Social Networking
    • Mobile
    • Logos and Pictures
  • Advertise
    • Media Info
    • Hosted Events
    • Roundtable Video
    • Roundup Video
    • Mechanical Data
    • Terms & Conditions
  • Subscribe

$2bn bid for Time Warner’s CME

December 20, 2017 09.21 Europe/London By Chris Dziadul

The Chinese energy group CEFC and Czech/Slovak financial group Penta Investments have made a joint bid of around $2 billion (€1.69 billion) for the Time Warner-owned broadcaster CME.

At the same time, reports Reuters, PPF, a financial group owned by the Czech entrepreneur Petr Kellner, is now no longer in contention to buy CME.

Quoting two sources familiar with the matter, Reuters adds that the pricing has not yet been finalised, and a third that the sides are close to a deal but the details have yet to be agreed.

As previously reported by Broadband TV News, CEFC teamed up the Penta Investments last month in a bid to buy CME, which has broadcast interest in six Central and East European markets.

Earlier this year, it was reported that CME had agreed to sell its broadcast interests in two of those markets – Croatia and Slovenia – to Slovenia Broadband, a subsidiary of United Group.

However, the competition authority in Croatia subsequently refused to approve the deal.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Central & East Europe, Newsline Tagged With: CEFC, CME, Penta Investments, Time Warner Edited: December 21, 2017 10:31

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

Latest News

  • Canal subscriber growth continues
  • DAZN names Kevin Mayer as chair
  • Gracenote launches personalised imagery
  • Webinar to discuss role of advertising in Cloud DVR
  • Kaltura readies for IPO

White Paper

White Paper: An approach to implementing HbbTV on Android TV by Zattoo

By Broadband TV News Correspondent

HbbTV’s self stated goal is to “harmonize the broadcast, IPTV, and broadband delivery of entertainment to the end consumer through connected TVs and set-top boxes”.

Most Read

  • Virgin TV 360 available to all subscribers
    Virgin TV 360 available to all subscribers
  • BBC confirms linear return for BBC Three
    BBC confirms linear return for BBC Three
  • Virgin Media trials new multi-gigabit network technology
    Virgin Media trials new multi-gigabit network technology
  • RTL acquires Disney stake in Super RTL
    RTL acquires Disney stake in Super RTL
  • Virgin Media launches Virgin TV 360
    Virgin Media launches Virgin TV 360

Watch Video

About Us

Broadband TV News is the Industry’s No.1 Information Provider bringing news, analysis and comment on the delivery of digital television, around Europe and the World.

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Editions

  • Central & East Europe
  • Channels
  • Columns
  • Features
  • White Papers

Subscribe

Join over 40,000 readers to our Daily and Weekly emails. Complete the simple form to get the latest issue delivered direct to your inbox.

Click Here

Advertise with Broadband TV News

Broadband TV News offers a range of commercial possibilities from banner advertising to white paper hosting. Keep your brand at the front of buyer's minds.

Contact: Chris Griffin Commercial Director Tel: +44 7590 522475

Connect with Us

 

Copyright © 2021 Broadband TV News LLP · Log in