Talpa given green light for SBS takeover
Talpa, the company of media tycoon John de Mol, has received regulatory approval for the takeover of the Dutch assets of commercial broadcasting group SBS Broadcasting.
Talpa’s acquisition of the 67 per cent of SBS that it did not already own from Finnish company Sanoma has been cleared by the ACM, the Dutch competition authority.
The ACM approved the deal, which was first announced in April, on the basis that there would not be a significant change to the media landscape, and that competitors would not be disadvantaged.
Talpa is paying €237 million ($270 million) for the two-thirds stake in SBS, giving de Mol full control of TV channels SBS6, NET5, Veronica and SBS 9, plus several radio stations.
Veronica shows live coverage of Uefa Champions League matches as part of its sports offering.
Sanoma is acquiring TV guide business Veronica Uitgerverij as part of the deal.