M&A Deal Summary

Bite Group Acquires TV3 Group

On March 17, 2017, Bite Group acquired media company TV3 Group from MTG for 1.1B SEK

Acquisition Highlights
  • This is Bite Group’s 1st transaction in the Media sector.
  • This is Bite Group’s largest (disclosed) transaction.
  • This is Bite Group’s 1st transaction in Latvia.

M&A Deal Summary
Date 2017-03-17
Target TV3 Group
Sector Media
Buyer(s) Bite Group
Sellers(s) MTG
Deal Type Divestiture
Deal Value 1.1B SEK

Target

TV3 Group

Riga, Latvia
TV3 Group is a TV-channel portfolio in all three Baltic countries with a combined 48.6% Commercial Share of Viewing (CSOV) as of Q4 2016 (target audience: 15-49), including: Three TV channels in Estonia (TV3, TV3+, TV6) Five TV channels in Latvia (TV3, TV3+, TV6, Kanals 2 and LNT) Three TV channels in Lithuania (TV3, TV6, TV8). TV3 Group is based in Riga, Latvia.

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Buyer(S) 1

Buyer

Bite Group

Amsterdam, Netherlands
Category Company
Sector Communications
DESCRIPTION

Bite Group is a provider of mobile telecommunication and mobile Internet services to residential and business customers primarily in Lithuania and Latvia. Bite Group is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (Latvia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

MTG

Stockholm, Sweden
Category Company
Founded 1987
Sector Media
Employees1,015
Revenue 5.5B SEK (2022)
DESCRIPTION

MTG is an international entertainment group. Its operations span six continents and include TV channels and platforms, online services, content production businesses and radio stations. MTG was founded in 1987 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 3 of 5
Sector (Media) 2 of 3
Type (Divestiture) 2 of 4
Country (Latvia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 InnoGames

Hamburg, Germany

InnoGames GmbH is a developer and publisher of browser based and mobile online games. InnoGames GmbH was established in 2007 and is headquartered in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Kongregate

San Francisco, California, United States

Kongregate, Inc. is a browser based game site with over 10 million monthly unique visitors who spend more than 23 million hours playing per month. The site features a community and social platform including achievements, profiles, chat, messaging, forums, and levels, which unifies over 30,000 games into a cohesive and addicting experience. Kongregate shares revenue from advertising and virtual goods directly with over 8,500 developers who have uploaded games to the site. Kongregate, Inc. was established in 2006 and is headquartered in San Francisco, California.

Buy $55M
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