Vinge is advising the shareholders of Millennium Media Group AB (“MMG”) in connection with the sale of their shares in MMG to Turner Broadcasting Europe, a subsidiary of Time Warner. MMG is a media house which currently runs TV channels in 53 countries through its subsidiary, NonStop Television. The channels include Showtime, TV 7, Star! and Silver. The operations also include film distribution, rights sales and subtitling services. The sale is conditional upon competition authority clearance and other customary closing conditions.
Vinge’s team advising the sellers consists of partner Johan Winnerblad and, among others, associates Petter Kjöllerström and Philip Watson as well as project assistant Sara Andersson. Partner Per Eric Alvsing is providing advice on media law issues, associate Louise Brorsson Salomon is advising on financing issues and associate Carl Johan Sundqvist is providing competition law advice.