MTG completes the sale of its Baltic broadcasting businesses
- Previously announced sale of Baltic broadcasting businesses closed
- Reflects ongoing transformation from traditional national broadcaster into global digital entertainer
MTG has completed the sale of its Baltic broadcasting businesses to Providence Equity Partners for a total cash consideration of EUR 100 million (approximately SEK 960 million). The transaction is based on an Enterprise Value of EUR 115 million.
The sale will result in a preliminary net capital gain, realized in the Q4 results, of approximately SEK 580 million. All items related to the Baltic broadcasting businesses are reported as discontinued operations in MTG’s financial statements.
- Please see here for the original announcement “MTG sells Baltic broadcasting businesses”.
NOTES TO EDITORS
MTG (Modern Times Group MTG AB (publ.)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. Our brands span TV, radio and next generation entertainment experiences in esports, digital video networks and online gaming. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).
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