Bulgaria’s Commission for the Protection of Competition (CPC) has prohibited the sale of Nova Broadcasting Group and its subsidiaries Net Info and Agency Eva by Modern Times Group (MTG) to PPF Group.
MTG continues to stack up the profits
MTG has recorded increased profits of 12%, despite costs relating to its failed merger with TDC, and ongoing separation.
Nordic Entertainment Group launches new brand
Nordic Entertainment Group (NENT Group) will operate as a separate organisation from July 1, prior to its proposed listing on Nasdaq Stockholm later in the year.
MTG increases ownership in Zoomin.TV
MTG has increased its ownership in Zoom.in Group BV (Zoomin.TV) from 51% to 100% by acquiring the remaining 49% of the company from Adversa Media Groep BV.
MTG closes Trace sale
Modern Times Group (MTG) has completed the sale of its 75% stake in Trace to TPG Growth for €30 million, or approximately SEK313 million, in cash.
Positive MTG ahead of Entertainment split
Ahead of the spin-off of its Nordic Entertainment Group, MTG has reported record sales of SEK 4,674 million, the seventh consecutive Q1 where there has been organic growth of 5%.
Nordic Entertainment Group leadership team appointed
Following the announcement of the process to initiate a split of MTG into two companies, the Nordic Entertainment Group leadership team has now been established.
MTG’s Viaplay unveils streaming figures
Every Viaplay customer now spends an average of 32 hours a month viewing content on MTG’s Nordic video streaming service – a 25 per cent increase between 2016 and 2017.
MTG sells Bulgaria’s Nova
Modern Times Group (MTG) has signed an agreement to sell its 95% stake in Nova Broadcasting Group in Bulgaria to PPF Group, the investment group majority owned by the Czech billionaire Petr Kellner.
TDC recommends new takeover offer
Danish operator TDC said a consortium of pensions companies PFA, PKA, ATP, and Macquarie Infrastructure and Real Assets, has decided to launch an improved take-over offer for it for an all-cash consideration of DKK 50.25 per share.
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