Telia Company notifies the European Commission of Bonnier Broadcasting acquisition
Telia Company has today notified the European Commission of its acquisition of Bonnier Broadcasting.
Telia Company announced the acquisition of Bonnier Broadcasting including brands TV4, C More and Finnish MTV, from Bonnier AB for SEK 9.2 billion on a cash and debt free basis, on July 20, 2018. The acquisition is fully in line with Telia Company’s strategy and ambition to offer more to the customers, and combines Telia Company’s leading mobile and fixed network with one of the most successful commercial media-houses in the Nordics.
According to established EU merger control procedure, Telia Company today formally notified the European Commission of the acquisition. The Commission will now analyze the competition aspects of the transaction in a phase 1 investigation. The process which normally lasts for 25 working days will either result in a clearance of the acquisition, or in a continued in-depth phase 2 investigation.
Telia Company expects to be able to complete the acquisition of Bonnier Broadcasting during the second half of 2019.