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Broadcast & Satellite

MTG completes acquisition of remaining shares in TV 2 Sport

Friday 21 December 2012 | 15:04 CET | News
Modern Times Group (MTG), the international entertainment broadcasting group, has completed the acquisition of the remaining 49 percent of the shares in the Danish joint venture company TV 2 Sport ('TV 2 Sport') from TV 2 Danmark ('TV 2 Denmark'). The completion follows the receipt of regulatory approval from the Danish Competition and Consumer Authority. The payment for the shares comprises an undisclosed cash consideration and the transfer of the exclusive Danish broadcasting rights to the European Handball Championships for 2016 and 2018 from MTG to TV 2 Denmark. The Group will now assume full management and operational control of TV 2 Sport and fully consolidate the results of the business in its accounts with effect from 1 January 2013.

Categories: Broadcast & Satellite
Companies: Modern Times Group
Countries: Denmark
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