Advance Media Group


United Group in talks to buy Bulgaria’s Nova Broadcasting Group

United Group, the Balkan telco and media company, in talks to acquire Bulgaria’s leading media company Nova Broadcasting Group. The announcement of talks were made by United Group owner BC Partners, with the private equity firm confirming that it was in the midst of discussions with Nova owner Advance Media Group. A potential deal comes […]

MTG’s sale of Nova Group gets regulatory approval

MTG’s sale of its 95% shareholding in Bulgaria’s Nova Broadcasting Group to Advance Media Group has received regulatory approval and is expected to close in April 2019. The deal values Nova at €185 million (SEK 1,917 million) and will produce a net capital gain of approximately SEK 1,300 million. MTG said it will use the sale […]

MTG sells Bulgaria’s Nova Group at €185m valuation

MTG has agreed to sell its 95% shareholding in Bulgaria’s Nova Broadcasting Group to Advance Media Group in a deal that values the full business at €185 million (SEK 1,917 million). MTG said it would use the proceeds of the deal to develop its digital entertainment verticals via organic investment in mergers and acquisitions, with […]