Sweden's TV4 & Finland's MTV Being Sold To Schibsted Media For $620M [Yahoo! Finance]
TELIA COMPANY AB UNSP/ADR (TLSNY)
NASDAQ:AMEX Investor Relations:
teliacompany.com/en/investors
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Source: Yahoo! Finance
More from Deadline 'The Congregation' Producer B-Reel On Season 2 Of Its Swedish Crime Drama, Plans For A 'Bloody Men' Film & English-Language Moves - Göteborg Paramount+ Launching In Turkey With BeIN: Line-Up Includes 'Transformers' & 'Mission Impossible' Movies, 'Elsbeth' & 'NCIS' Series A24 Lands Debut Channel 4 Series: Flatmate Comedy 'It Gets Worse' Comes From Leo Reich Telia, a Nordic telecommunications giant, has owned TV4 and MTV since 2018, when it acquired Bonnier Broadcasting, but is selling up to use the cash to deleverage. The deal is set to close in the third quarter of 2025, subject to approvals. “We have an opportunity to secure a new home for TV & Media with a strategic long-term Nordic owner that can further develop the business while maintaining its editorial independence,” said Patrik Hofbauer, Telia Company's President and CEO. TV4 and MTV's content will continue be distributed through Telia's consumer TV offer. Oslo-based Schibsted owns news brands
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