Slovak private broadcaster TV Markíza will have a new owner.
It will be taken over by the Czech PPF group, which signed an agreement with Central European Media Enterprises to acquire its current owner, CME, the ČTK newswire reported on October 27.
CME operates television stations in Bulgaria, the Czech Republic, Romania, Slovakia, and Slovenia. The transaction is subject to customary closing conditions, including the approval of the CME shareholders, the European Commission, and national regulators in certain countries where CME is active, PPF stated in a press release.
ČTK estimated the transaction is worth $2.1 billion.
