24.10.2006

Egmont and A-pressen acquire Schibsted’s shares in TV 2 Norway

Today, Egmont and A-pressen made an agreement with Schibsted concerning the purchase of its shareholding in TV 2 Gruppen

“As co-owners of TV 2, we have always focused on the company’s long-term development. Today, TV 2 is Norway’s strongest brand name, and the common goal of A-pressen and Egmont is for TV 2 to continue to command a strong position in the years to come.

Together, we have assessed the market and the competitive scenario facing TV 2 over the next several years. What we see is an explosive development in TV and the Internet that will spawn a wealth of new opportunities for consumers and intensify competition.

A-pressen and Egmont have a common wish to give TV 2 a long-term perspective, stability and freedom of action necessary to meet these future challenges,” say Alf Hildrum, Group CEO, A-pressen, and Steffen Kragh, President and CEO, Egmont, in a joint statement.

Read the press release

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