Time Warner Completes $241.5M Deal For 31% In Broadcaster CME

U.S. media group Time Warner Inc. on Monday said it completed a $241.1 million deal for a 31% stake in Central European Media Enterprises (CME), owner of Romania’s media trust PRO TV.

9 views

Imaginea articolului Time Warner Completes $241.5M Deal For 31% In Broadcaster CME

Time Warner Completes $241.5M Deal For 31% In Broadcaster CME

Under the deal, Time Warner received 19 million newly issued common shares of CME, consisting of 14.5 million shares of class A stock at $12 per share and 4.5 million shares of class B stock at $15.
 
Time Warner will also get two seats on CME's board.
 
PRO TV owns television channels PRO TV, Acasa, PRO Cinema, PRO TV International, Sport.ro and MTV Romania.
 
Apart from the Romanian companies, CME operates TV networks in Czech Republic, Slovakia, Slovenia, Croatia, Ukraine and Bulgaria.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.

 

The free download of the press materials (text, photo and / or video), bearers of intellectual property rights, is approved by www.mediafax.ro only within 250 signs. Spaces and URL / hyperlink are not taken into account when counting signs. The collection of information can only be done in accordance with the terms agreed and mentioned here