Aquires the 35% owned by Telenor as of today.
Bonnier and Telenor have entered into an agreement under which Bonnier will acquire the 35 percent of C More that is owned by Telenor. The change in ownership takes place today, June 27.
“By taking over as sole owner, we are now creating full freedom of action for our work of identifying the best possible structure and direction for C More going forward, and for coming up with an optimal way of exploiting and developing C More’s very strong rights portfolio to best effect. That will be the task for our new CEO, Manfred Aronsson,” says Casten Almqvist, Chairman, C More, and Head of Business Area Broadcasting at Bonnier.
Manfred Aronsson, who formerly served as CEO at MTG Sweden and Kanal 5, was appointed as C More’s new CEO last week. He will start work on August 18, succeeding Johan Kleberg, who will become the new CEO at Adlibrisgruppen.
C More Entertainment is the Nordic region’s leading provider of premium pay-TV services, with a uniquely strong rights portfolio in above all sports, film and TV series – with some of the most popular sports and leagues – together with films and series from many of the world’s foremost content providers. Bonnier acquired C More via the TV4 Group in 2008 and Telenor has held a 35 percent share of the company since 2009.