Home Uncategorized The deal between Blavatnik and Viasat falls apart

The deal between Blavatnik and Viasat falls apart

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MTG finds another buyer.

The Swedish media company MTG refused to sign the contract of selling its Russian share in Viasat to the American businessman Leonard Blavatnik, as the Vedomosti reports referring to Anatoly Akimenko, the businessman’s asset manager in Russia.
The publication informs that Mr. Blavatnik wanted to buy not only the Russian assets of Viasat, but all its off-air channels broadcasting in the Central and Eastern Africa and Asia.
We shall recall that MTG was forced to sell a part of its assets due to the legislative amendments prohibiting the foreign ownership of over 20% of the Russian media.
Prior to that, the parties assessed the assets and even prepared the documents for committing the projected deal to paper. But at the appointed time MTG refused to sign the bargain. Mr. Blavatnik stated there would be no re-bid from him. The publication’s source points out that the media company negotiated not only with him, but also with other potential buyers, in particular the National Media Group of Yuri Kovalchuk, the media holding Gazprom-Media and the shareholders of the satellite operator Orion Express. Most likely, the company has found another more profitable buyer of its assets.
The representatives of any company did not respond to the Vedomosti’s inquiries.

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