Chellomedia buys majority stake in Sport1 in Central Europe

History

Liberty Global Inc.'s Chellomedia division raised its stake in the Sport1 channel in Central Europe to 80% for €43 million in cash, the company said.

Chellomedia increased its holding in Sport1, a channel broadcasting in Hungary, the Czech Republic and Slovakia, by buying a 55% stake from the company's other unidentified shareholder, it said today in an e-mailed statement.
Liberty Global, chaired by U.S. billionaire John Malone, is the largest owner of cable television systems outside the U.S. Chellomedia's main operations are based in London, Amsterdam and Madrid.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.