Canal+ Group has completed the acquisition of a 70% stake in SPI International following the approvals of all competent authorities in all European jurisdictions concerned.
A statement released by the parties says that “SPI International, a global media company who has significant presence in Europe with extensive experience in content distribution and worldwide broadcasting, will bring to Canal+ Group great opportunities to strengthen pay-TV offers in all European markets and develop new ranges of services for the benefit of customers worldwide”.
It adds: “Canal+ Group is pleased that SPI International will continue their worldwide expansion while developing their operations in a way that benefits the entire group”.
As previously reported by Broadband TV News, last September Canal+ agreed to buy a 70% majority stake in SPI International while keeping the current management team and operational structure in place.
