Hungary’s Film Commissioner Vajna Buys Commercial Channel TV2
- 14 Oct 2015 9:00 AM
Hungary’s film industry commissioner Andy Vajna has signed a contract to buy Hungarian commercial television channel TV2, and, after signing by the sellers, the deal will be announced later this week, figyelo.hu, the website of weekly Figyelő reported. The transaction will require approval by Hungary’s Competition Office, figyelo.hu said.
The value of the transaction, which includes the takeover and payment of debt of the current owners, could exceed 20 billion forints according to the website.
Vajna is expected to finance the bulk of the purchase from loans.
The sellers are Zsolt Simon and Yvonne Dederick, who bought the company operating the channel from German media company ProSiebenSat1 in a management buyout late 2013.
TV2 media group includes the television channels TV2, Super TV2, FEM3 and PRO4.
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