József Vida in talks to acquire TV2

Deals

Hungarian banker and businessman József Vida is in advanced talks, through an agent, on the acquisition of commercial television broadcaster TV2, according to state news wire MTI.

Vida told MTI on Monday that, if the acquisition is successful, TV2 Media Group and its units will be placed into a trust. The sale could be closed in June, he added.

Vida is chairman-CEO of Takarékbank, the "central bank" for Hungaryʼs integrated network of savings cooperatives. He has his own investments in the financial sector, banking IT, real estate, and financial consulting. He is also a well-known breeder of dogs.

Andy Vajna, the Hollywood producer and government commissioner for the film industry, who died in January aged 74, acquired TV2 in 2015. Changes at TV2 began shortly after his death, as Dirk Gerkens, who acted as CEO, left his position by mutual agreement, with Miklós Vaszily taking over his job, as reported earlier.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.