GVH: No acquisition request received from Fonyó for TV2
Hungaryʼs Competition Office (GVH) has not yet received a request from a group of companies owned by Károly Fonyó to clear the acquisition of the second largest commercial channel TV2, GVH spokesperson Andrea Basa, said today on state-owned all news channel M1.
The spokesperson said that participants in mergers and acquisitions must apply for clearance from GVH if their combined annual net revenue exceeds HUF 15 bln and both of the partiesʼ separate annual revenue reaches at least HUF 500 mln, Hungarian news agency MTI reported.
Hungarian online daily 444.hu reported early this morning that they had obtained official documents that reveal Károly Fonyóʼs Megapolis Media Kft. had pre-purchase rights for firms CCA Kft. and D6D Kft., owned by Yvonne Dederick and Zsolt Simon, the proprietors of TV2 Group.
On October 15, Dederick and Simon announced that they had sold TV2 to government commissioner for the film industry Andrew G. Vajna, however, a few hours later Fonyó announced to have bought the two companies that own TV2 Group on October 13.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
