Sweden’s TV4 and Finland’s MTV have new owners after owner’s Telia Company complete the sale of its TV & Media business to Schibsted.
Following the of SEK 6.55 billion cash deal, Telia will continue to include TV4 and MTV’s content in its consumer TV packages.
Patrik Hofbauer, Telia Company President and CEO: “This is our latest milestone in creating a simpler Telia. We’re focused on growing where we’re strongest – delivering world-class connectivity to millions of customers – and will continue to manage our portfolio actively. On behalf of everyone at Telia, I wish the TV & Media team all the best in their new home at Schibsted, a long-term Nordic owner that can further develop the business while maintaining its editorial independence.”
Telia is using the proceeds of the transaction to reduce its debt.
