NEWS

Sweden's MTG sells its Baltic broadcasting operations

Friday, Mar 17, 2017

Swedish media group MTG said on Friday it had agreed to sell its Baltic broadcasting operations to Providence Equity Partners in a deal valuing the businesses at 115 million euros ($124 million).

The sale, which will result in a significant net capital gain, reflects MTG's ongoing transformation from traditional national broadcaster into a global digital entertainer, the company said.

 

Source: reuters.com

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