MTG increases ownership in global online video publisher Zoomin.TV
MTG has increased its ownership in Zoom.in Group B.V. (Zoomin.TV) from 51% to 100% by acquiring the remaining 49% of the company from Adversa Media Groep B.V., controlled by the current CEO and CFO of Zoomin.TV, who founded the company. MTG is paying a cash consideration of EUR 6.2 million for the shares and is also settling Adversa’s EUR 11.3 million of shareholder loans to Zoomin.TV. Zoomin.TV is a leading global publisher of online video content targeting Generation Z viewers. Headquartered in Amsterdam and with 16 offices on four continents, Zoomin.TV’s global network of 3,500