February 18, 2010 / 3:10 PM / 8 years ago

CORRECTED - CORRECTED-BRIEF-Central European Media to buy bTV from News Corp

(Corrects headline to Central European Media, from CEM)

Feb 18 (Reuters) - Central European Media Enterprises Ltd (CETV.O):

* Agrees to acquire bTV, the leading TV (CETV.O) (NWSA.O) channel in Bulgaria, for US$400 million

    * says will also have right to buy additional 4 percent interest for up to three years from closing

    * Says will agree to acquire from top tone its 20% interest in Pro.BG business

    * Says agreement in consideration of 6 percent interest in subsidiary that will hold bTV business, Pro.BG businesses

    * Says consideration on a cash-free and debt-free basis

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