Acunmedya to acquire a minority stake in Sport1 from Sport1 Medien for €30m.

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.