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

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.