Αρχική iptv-news MTG completes Nova sale

MTG completes Nova sale

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Modern Times Group (MTG) has completed the sale of its 95% stake in the Bulgarian broadcaster Nova to Advance Media Group.

The all-cash transaction valued 100% of Nova at €185 million and the proceeds will be used by MTG to further develop its global digital entertainment verticals through organic investments and acquisitions.

As previously reported by Broadband TV News, the transaction received regulatory approval last month.

MTG no longer has any broadcast assets in Central and Eastern Europe.



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