TV4 Group and Telenor strengthen Canal+ through Nordic co-ownership
The TV4 Group and Telenor Group today announced that they have entered a co-ownership agreement for C More Entertainment, which runs its premium TV operations under the Canal+ brand. Telenor will acquire 35 per cent of C More Entertainment through a share purchase and a directed new share issue of the company’s shares. Telenor has paid a cash consideration of SEK 787 million. In addition, certain sports rights owned by Telenor, such as SAS Ligaen and FIFA World Cup 2010 in Denmark, have been sublicensed to C More Entertainment. The Nordic co-ownership provides Canal+ with long term access to important content for its TV subscribers. Canal+ customers will be offered an increased selection of top quality sports, films and series.
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