Announced
Financials
Sources
Tags
Cross Border
Pending
Acquisition
TV channels
Majority
Friendly
Single Bidder
Private
Cable Television
Hungary
Synopsis
Sony Pictures Television, a television production and distribution studio, agreed to acquire Hungarian free-TV operations from MTG, a strategic acquirer and operator of companies in gaming and esport entertainment. Financial terms are not disclosed. “Our Hungarian channels were our first free-TV operations to be launched outside Scandinavia and the Baltics. We are proud of what has been achieved by the Hungarian team and are confident that the new owner will achieve further success with the business. We are focusing our European Free-TV Emerging Markets business on our scale and leading media houses in the Baltics, Bulgaria and the Czech Republic.” Jørgen Madsen Lindemann, MTG President and CEO.
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