Fonyó pays for TV2, actual owner yet unkown

Competition

Károly Fonyó, the business associate of Lajos Simicska and owner of Megapolis Media, placed the purchasing price of TV2 in deposit in the presence of a notary yesterday, in accordance with the pre-purchase option his firm had for TV2, Hungarian online daily origo.hu reported today.

“Finalization of the deal on behalf of the buyer has taken place,” Győző Óvári, the lawyer of Megapolis Media Zrt., told origo.hu today. However, the purchase price is still not public. According to the lawyer, there are two conditions for exercising purchase rights: One is the announcement of the intention, another is paying the price. Both of these have taken place according to Óvári: The announcement on October 15 and the payment on October 28, 15 days after the announcement.

Although Fonyó has reportedly paid for the channel, it is still not clear who is the current owner. On October 15, Zsolt Simon and Yvonne Dederick, who purchased the channel from Pro7Sat1 in 2013, announced they had sold the channel to Hungarian government commissioner for film industry Andrew G. Vajna. Hours after the announcement, Fonyó said he had a pre-purchase option which had been signed by Simon and Dederick at the end of 2013. Simon and Dederick refuted claims by Fonyó, and earlier this week Pro7Sat1 said they did not approve of Fonyó’s pre-purchase option. Andy Vajna said he only has knowledge of having "bought" the channel but “anything could happen”.

Moody's Affirms Budapest's 'Baa3' Rating Ratings

Moody's Affirms Budapest's 'Baa3' Rating

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Hungary, UAE Sign Defense Industry Agreement Deals

Hungary, UAE Sign Defense Industry Agreement

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.