Turner Closes Deal for Latin American NetworksArgentina’s Comisión Nacional de Defensa de la Competencia Approves Acquisition from Claxson 10/04/2007 07:00:00 AM Eastern
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.