Reposted from Broadband TV News / by Robert Briel
SBS Discovery is buying Sweden’s TV11 from the TV4 Group.
With the acquisition, SBS Discovery Media adds a third ‘free TV channel’ in addition to Channel 5 and Channel 9. The takeover is scheduled for June 1.
“We are now in a very dynamic period of strong growth and with a new owner – Discovery Communications from the US- who can, and dare to invest aggressively in the Swedish and Nordic TV market. The purchase of TV11 creates amazing opportunities for continued growth for us, and complement our channel portfolio,” said SBS Discovery Media Manager for Sweden Jonas Sjögren in a press release.



