Following the completion of Kinnevik AB’s distribution of its entire shareholding in MTG to its shareholders in August,
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 has recorded increased profits of 12%, despite costs relating to its failed merger with TDC, and ongoing separation.
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 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.
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.
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%.
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.
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.
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.