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Bulgarian Telecommunications Company to acquire Net1, ComNet Sofia
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United Group unit gets antitrust nod to acquire Bulgaria s Nova Broadcasting Group Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), January 18 (SeeNews) - Bulgaria s antitrust body said on Monday that it gave the green light to United Media, part of Dutch-based telecommunications and media company United Group, to acquire 100% of Bulgarian multi-platform media company Nova Broadcasting Group from Sofia-based Advance Media Group.
The Commission for Protection of Competition (CPC) allowed Luxembourg-based United Media to buy Nova Broadcasting Group and its subsidiaries Net Info, Daric News, Vbox, Elit Media Bulgaria, Radio Veselina, Radio Express, Vitosha FM, Agencia Vitosha and Agencia Atlantik as well as to exercise joint control of Financial Marketplace, Grabo Media and Attica Eva, the competition authority said in its decision.
Bulgaria s antitrust body clears sale of Telegraph Newspaper publisher to United Group Brian A Jackson/Shutterstock.com
SOFIA (Bulgaria), January 18 (SeeNews) - Bulgaria s competition authority said on Monday that it granted approval to United Media, part of Dutch-based telecommunications and media company United Group to acquire 100% of Sofia-based publisher Telegraph Newspaper EOOD.
As part of the transaction, United Media will exercise joint control of local publishing house Borba currently owned by Telegraph Newspaper EOOD and a private investor, the Commission for Protection of Competition (CPC) said in its decision.
According to the antitrust body, the concentration will not lead to the establishment or strengthening of a dominant position in any of the relevant markets; therefore, the planned deal could not create anti-competitive effects that can significantly harm the competitive environment.
United Group expects to close purchase of Bulgaria s Nova Broadcasting in early 2021 Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), December 29 (SeeNews) - Dutch-based telecommunications and media company United Group said that its acquisition of Bulgarian multi-platform media company Nova Broadcasting Group is expected to close early next year.
United Group reached an agreement to acquire Nova from Bulgaria s Advance Media Group after the transaction receives all the necessary regulatory approvals, the Amsterdam-headquartered group announced in a statement last week.
The value of the deal was not disclosed.
The acquisition is in line with the overall strategy of United Group to own both telecom and media assets in the markets it serves, Victoriya Boklag, CEO of United Group, said in the statement.
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