Monika Olejnik, Jaroslaw Kuźniar, Justin Pochanke et consortes have from today a new employer! The American company Scripps Networks Interactive finally completed acquisition of TVN .
An investor with US completed contract purchase of 52.7 percent. Action TVN from the Group ITI and Canal + Group.
1 July 2015, the Group ITI and Canal + Group sold all its stake in N-Vision BV, registered in Amsterdam which directly and indirectly controls a total of 52.7 per cent. shares in TVN Company Southbank Media Ltd, registered in London and owned by US group Scripps Networks Interactive
– the company said in a statement.
The total amount the buyer will pay the Group ITI and Group Canal + is 584 million euros.
Southbank Media Ltd will also take over debt in the form of bonds 11 percent. / 12 percent. Senior PIK Toggle Notes with a nominal value of € 300 million, issued by the Polish Television Holdings BV
– said ITI .
In mid-June the Office of Competition and Consumer Protection has agreed to purchase a TVN by Scripps Networks Interactive. Conducted by the OCCP investigation showed that the concentration does not lead to a restriction of competition.
In March of this year. Group ITI and Canal + Group have entered into an agreement to sell a majority stake in TVN with the British company Southbank Media, which belongs to the American company Scripps Networks Interactive . Under the terms of the transaction, Southbank Media is to take over the company N-Vision, which directly and indirectly controls a total of 52.7 percent of shares in TVN .
He noted tvn24 .pl, in accordance with Polish law Scripps Networks Interactive is obliged, within three months of implementation of the acquisition of a 52.7 per cent. Action TVN , to announce a mandatory tender offer for shares TVN to increase its stake in the company to 66 percent.
However, Scripps announced intention to conduct a tender offer for 100 percent. Action TVN and to have them withdrawn from trading on the Stock Exchange in Warsaw. This means that the American company intends to be the sole owner of the station.
TVN indicates that Scripps Networks Interactive is listed on the New York Stock Exchange company, family the company from the US state of Tennessee with global reach. It specializes in producing channels of a culinary lifestyle, travel and associated with running the house. The most famous among them is the Travel Channel.
How it will look TVN with the new owner?
It to it that this TV is cable Polish, focusing on Polish viewer
– announced Keneth W. Lowe, president of Scripps Networks Interactive.
Change, change, change ?! The sparrows in the trees of the surrounding rig in Warsaw chirp that no one former star of TVN expression may attenuate or even the proverbial jaw drop …
READ A E MORE : “Are you here duly Beware Heritage JPII ? “That question was asked employees TVN Lawyer of the new owner ITI . Something new on the rig?
Gadowski after changes owners in TVN : “Today minki men Pieczyński, Morozowskich and other durczokopodobnych slightly zrzedły …”
JUB / PAP /tvn24.pl
author: Media Watch
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