24 October 2019
Gernandt & Danielsson advises Nordic Entertainment Group in connection with the merger of Viasat Consumer and Canal Digital
Gernandt & Danielsson advises Nordic Entertainment Group in connection with an agreement with Telenor Group to merge Viasat Consumer (satellite pay-TV and broadband-TV operations) with Canal Digital (satellite pay-TV). The merger will result in the parties each holding 50 percent of the shares in a new joint venture company. The merger generates a scale Nordic player with combined net sales of approximately SEK 7.6 billion and 1,257k subscribers at the end of June 30, 2019 and is expected to create substantial synergies and shareholder value, as well as provide an enhanced proposition for customers.
Nordic Entertainment Group is the Nordic region's leading entertainment provider. Products and services include streaming services, TV channels and radio stations and content creation. The company is headquartered in Stockholm and listed on Nasdaq Stockholm.
Gernandt & Danielsson's team has primarily consisted of Partners Fredrik Palm (M&A/corporate), Mats Hugoson (M&A/IP) and Andreas Holmqvist (employment), Counsel Pär Johansson (M&A), Senior Associates Erika Olofsson (M&A) and Jonas Hämälä (M&A) and Associates Daniel Sveen (M&A), Pierre Olsson (M&A/IP) and Andreas Lexhag (M&A).