Telia Company said that it has completed the acquisition of Bonnier Broadcasting from Bonnier AB. The combination of the best networks and content in the Nordics enables new customer offerings and business opportunities.
On July 20, 2018, Telia Company announced the acquisition of Bonnier Broadcasting, including brands TV4 in Sweden, MTV in Finland and C More which is present in both markets, from Bonnier AB for SEK 9.2 billion on a cash and debt free basis which was equivalent to an EV/EBIT multiple of 15.3x excluding synergies.
Bonnier Broadcasting will be consolidated into Telia Company’s reporting as of today.Casten Almqvist becomes a member of Telia Company’s General Executive Management as Head of the new business area TV/Media.
As a media owner, Telia Company will ensure that continued editorial independence is upheld vis-à-vis the owners, Board and management.
Chrisrtian Luiga, Acting President and CEO, Telia Company
It’s a great feeling to close this transaction and finally be able to start working together with our new colleagues at TV4, C More and MTV. By combining top quality news, entertainment, drama and sport with Telia Company’s core operations.