Wednesday, February 21, 2018
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TDC Group Withdraws MTG Offer


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Denmark’s TDC Group has been approached with a bid for a potential takeover and is scrapping its plans to purchase MTG’s Nordic entertainment and MTG Studios businesses.

Earlier this month, MTG and TDC Group announced a $2.5 billion deal that would see MTG Nordics and TDC combine their businesses to form “Europe’s first fully convergent media and communications provider.” MTG has now released a brief statement that said TDC’s board of directors “intends to withdraw its recommendation of the signed agreement.”

TDC reportedly received an offer for around SEK 40.8 billion ($6.7 billion) from a group led by Danish pension funds to purchase all assets of the Danish telecoms company.



About Kristin Brzoznowski

Kristin Brzoznowski is the executive editor of World Screen. She can be reached at kbrzoznowski@worldscreen.com.

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