The prospective new owners of MTG’s Bulgarian national broadcaster Nova TV have asked the country’s Commission for Protection of Competition (CPC) to allow them to complete the acquisition.
Over half of the funds being used to buy the Bulgarian national commercial broadcaster Nova TV from Modern Times Group (MTG) will come from a syndicated loan.
Modern Times Group (MTG) has confirmed earlier reports, quoted in Broadband TV News, by announcing that it has sold its 95% share in Bulgaria’s Nova Broadcasting Group.
The Bulgarian businessman Kiril Domuschiev is understood to have acquired the national broadcaster Nova TV from Modern Times Group (MTG).
Two Bulgarian entrepreneurs are in negotiations to buy Nova TV from Modern Times Group (MTG).
United Group has received the final regulatory approval for its subsidiary Slovenia Broadband to buy CME’s assets in Croatia.
Croatia’s Agency for the Protection of Market Competition (AZTN) has approved the sale of the national commercial broadcaster Nova TV to Slovenia Broadband, a company backed by the investment group KKR.
Croatia’s Electronic Media Council (AZTN) has unanimously declined to approve the sale of the national commercial broadcaster Nova TV by CME to Slovenia Broadband, a subsidiary of United Media.
The owner of Bulgarian national commercial broadcaster Nova TV has assumed responsibility for selling airtime for the Scripps Networks Interactive channels Food Network, Travel Channel and Fine Living.
Central European Media Enterprises (CME) has agreed to sell its broadcast interests in Croatia (Nova TV) and Slovenia (Pop TV) to Slovenia Broadband, a subsidiary of United Group, for €230 million in cash.