WARSAW (Reuters) - France’s media and telecoms group Vivendi and Polish broadcaster TVN completed a long awaited deal to combine their pay television platforms in Poland, TVN and its controlling owner said on Friday.
The link-up, approved by Polish regulators, is part of a wider partnership deal that could see Vivendi ultimately take control of TVN.
Vivendi will hold 51 percent in the joint venture valued at 5.9 billion zlotys ($1.9 billion). The French group will also take 40 percent in TVN’s controlling company for 230 million euros ($298.5 million).
Reporting by Adrian Krajewski