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Announced

PPF Group to acquire Central European Media Enterprises for $2.1bn.

Financials

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Transaction Value£1,635m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium32%
One Off Charge-

Tags

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media company

Friendly

Majority

Czechia

Pending

Acquisition

Single Bidder

Public

tv station

Radio and TV Broadcasters

Private Equity

Synopsis

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PPF Group, a privately held international financial and investment group, agreed to acquire Central European Media Enterprises, a publicly-traded media and entertainment company, for $2.1bn. The valuation represents a premium of approximately 32% to CME’s share price on March 25, 2019. “The Special Committee of the Board, together with our advisors, conducted an extensive review of alternatives, which involved outreach to and engagement with a significant number of strategic and financial parties. This announcement today reaffirms our commitment to deliver value to all shareholders,” John Billock, Chairman of the CME Board of Directors.

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