Broadcast-streaming. Scandinavia’s largest telecom company, the Sweden-based Telia has acquired Bonnier Broadcasting in a deal said to be worth at least $1bn, with a further $100m payable on future performance. Telia also announced its acquisition of TDC’s Norwegian business in a $2.6bn deal. Bonnier Broadcasting, which includes brands such as Swedish TV4 and streaming service C More and Finnish MTV, is thought to account for some 30% of the revenue of the $4bn-revenue, privately-owned Bonnier Media Group which also publishes newspapers, magazines, books, B2B information and digital media. The 214-year-old, seventh generation family company operates in 12 countries outside Scandinavia including the US, UK, Germany and across Eastern Europe.
Uncategorised
Swedish telco acquires Bonnier TV for $1bn
