Nella the Knight


Viacom closes Channel 5 acquisition

Viacom International Media Networks (VIMN) has closed its £450 million (US$740 million) acquisition of UK broadcaster Channel 5 from Northern & Shell Media Group. The deal was first announced on May 1 and was completed yesterday morning after receiving unconditional clearance from the European Commission. With the conclusion of the agreement, VIMN – which owns […]