Central and eastern European pan-regional broadcaster Central European Media Enterprises (CME) is believed to be close to acquiring News Corp-owned Bulgarian broadcaster bTV.
CME is expected to pay around Â500m and the deal is set to close in February. This follows CME’s acquisition of an 80% stake in two Bulgarian stations TV2 and Ring TV in 2008 for US$172m (Â122m).
bTV is the leading Bulgarian station with an audience share of 38% in December.
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