February 12, 2018 / 9:16 AM / 2 years ago

MTG says TDC board to withdraw support of TV business merger

STOCKHOLM (Reuters) - Sweden’s MTG said on Monday it had been informed by TDC that the Danish operator’s board intends to withdraw its recommendation of a deal with MTG to combine its Nordic Entertainment and MTG Studios businesses with TDC.

Denmark’s TDC announced a $2.5 billion takeover of MTG’s broadcasting and entertainment business on Feb 1.

TDC declined to comment on the news of the withdrawn support for the merger.

Reporting by Johannes Hellstrom; editing by Niklas Pollard

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