Turner Closes Deal for Latin American Networks
Argentina’s Comisión Nacional de Defensa de la Competencia Approves Acquisition from Claxson
By B&C Staff -- Broadcasting & Cable, 10/4/2007 10:58:00 AM
TBS Latin America and its president, Juan Carlos Urdaneta, will operate the networks: Fashion TV, HTV, Infinito, I.Sat, MuchMusic, Retro and Space.
The transaction was valued at approximately $234 million.
Under terms of the pact, TBS Latin America will also assume sales-representation rights for Claxson- and third-party-owned networks in Latin America and provide related technical services.
Turner’s Latin America portfolio now includes 13 wholly owned networks and 10 represented networks.
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