Announced
Financials
Sources
Tags
Pending
Minority
Cross Border
Acquisition
Radio and TV Broadcasters
Single Bidder
Germany
television channel
Friendly
Private
Synopsis
Acunmedya, a Turkish media company, agreed to acquire a minority stake in Sport1, a German free-to-air television channel, from Sport1 Medien, a media company based in Ismaning near Munich which operates internationally, for €30m. "With Acunmedya Group, our Company has gained an outstanding strategic investor as a partner. I have been observing Acun Ilıcalı’s impressive entrepreneurial development for a very long time and am firmly convinced that we can expand Sport1 and make it more successful together with him," Bernhard Burgener, Sport1 Medien chairman of the supervisory board.
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