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General

Mediahuis in talks to buy TMG for EUR 243 mln - report

Wednesday 14 December 2016 | 16:37 CET | News
The Belgian publisher Mediahuis is preparing a takeover bid for Telegraaf Media Group, publisher of the largest newspaper in the Netherlands, people familiar with the matter told Het Financieele Dagblad. The two have reportedly been in talks for some weeks about a bid thought to be worth EUR 5.25 per share. This would value TMG at EUR 243 million. Mediahuis already owns the Dutch papers NRC and De Limburger, as well as a range of Belgian titles. TMG has been working on a transition to more digital media and is preparing the launch of a new online video platform for 2017.

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Categories: General
Companies: Telegraaf Media Groep / TMG
Countries: Belgium / Netherlands
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