Category: Trucking News

EU clears Telia's $957 million Swedish TV deal with Bonnier

Telia won conditional EU antitrust approval on Tuesday for its $957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon. The European Commission said Telia had offered a series of concessions to address its concerns, including media plurality in Sweden and Finland, confirming a Reuters story on Sept. 2. "This acquisition creates a strong Nordic player who can compete with international corporations who are very active in the Nordics," Telia chairman Marie Ehrling said in a statement....