Kinnevik

Kinnevik completes distribution of MTG shares

Sweden’s Kinnevik has completed the completed the distribution of its shares in Modern Times Group to its shareholders, signaling its exit from ownership of the media company. Kinnevik has distributed a total of 13,503,856 MTG Class B shares to its shareholders. This total includes 4,461,691 MTG Class B shares that have been recently reclassified from […]

Telia to acquire Bonnier Broadcasting

Nordic telecom operator Telia has struck a deal to take control of Bonnier Broadcasting, owner of Swedish commercial broadcaster TV4 and Nordic pay TV channel provider C More for SEK9.2 billion (€890 million). Telia said the move was in line with the strategy adopted by the Board in 2014 to create a new Telia Company […]

Kinnevik CFO quits MTG board ahead of shares distribution

Kinnevik chief financial officer Joakim Andersson has resigned from Modern Times Group’s board of directors following Kinnevik’s decision to distribute all of its shares in the media group to its shareholders. Andersson was appointed to the MTG Board of Directors in 2015. He was also a member of MTG’s audit committee and chairman of MTG’s […]

Kinnevik to distribute MTG shares to secure Tele2-Com Hem merger

Swedish conglomerate Kinnevik’s board has resolved to propose the distribution of all the company’s shares in Modern Times Group (MTG) to its shareholders, following a reclassification of Kinnevik’s MTG class A shares into MTG class B shares. The board intends to present the proposal at an EGM of shareholders during the third quarter. The move […]

Swedish investment firm buys 18.5% Com Hem stake

Swedish investment firm Kinnevik has bought an 18.5% stake in domestic TV, broadband and landline provider Com Hem in a SEK3.7 billion (€384 million) deal. Kinnevik, which is also an investor in Swedish telco Tele2 and Nordic entertainment group MTG, agreed to buy 33.9 million Com Hem shares from NorCell – the indirect investment holding […]

African OTT service iROKO raises US$19m

African over-the-top video service iROKO has raised a total of US$19 million (€17.6 million) and announced plans to “expand aggressively” across the continent. The move, which comes just weeks after OTT rival Netflix rolled out in Africa, will see iROKO invest in local content financing and production. The service said it aims to produce at […]