MTG SELLS SDI MEDIA FOR US$ 60 MILLION IN CASH
MTG SELLS SDI MEDIA FOR US$ 60 MILLION IN CASH Modern Times Group MTG AB, the international media group, today announced the sale of SDI Media to private equity group Warburg Pincus for US$ 60 million in cash. The transaction gives rise to a net gain of approximately SEK 400 million. The disposal is in line with MTG's focus on its core broadcasting and directly related assets in Scandinavia and Central and Eastern Europe. The sale completed today and the operating results for SDI Media will be consolidated in MTG's operating results for the period ended 30 June 2004. SDI Media will continue