UPC Ireland to acquire TV3 for EUR 80 million

News Video Ireland 6 JUL 2015
UPC Ireland to acquire TV3 for EUR 80 million
Liberty Global subsidiary UPC Ireland has signed an agreement with Doughty Hanson to acquire Irish commercial broadcaster TV3 for EUR 80 million. An extra sum of up to EUR 7 million is payable based on TV3 hitting certain targets. On completion of the deal, TV3 will become part of Liberty Global group, demonstrating the latter's confidence in both TV3 and the Irish TV and production sectors. 

TV3 operates two free-to-air channels, the flagship TV3 channel and the youth-oriented 3e. In addition, it has TV3+1 on UPC and Sky, and the 3Player VoD platform. The deal is subject to regulatory approval from the Competition and Consumer Protection Commission and a separate media plurality test by the Irish Government.

Categories:

Video

Companies:

Liberty Global,  UPC Ireland,  TV3

Countries:

Ireland

Tags:

Company, Services, Corporate, Consumer, Client, M&A buyouts & divestments

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