Modern Times Group (MTG) has entered into a definitive agreement to combine its Nordic Entertainment and Studios businesses with TDC, in order to create what it claims to be the first fully convergent entertainment and communications provider in Europe.
The assets have been valued at SEK19.55 billion ($2.5 billion).
Analyst Comment
This is in line with recent trends of companies in entertainment and communications merging and acquiring each other, under the threat from global suppliers. (BR)
