Media kingpin secures the addition from Bancroft Private Equity, LLP and minority shareholders
Central and eastern European media kingpin Central European Media Enterprises (CME) has closed a deal to acquire leading Czech and Slovak distributor Bontonfilm.
Total cash consideration was US$11 million with additional cash consideration currently estimated at a maximum of US$1.5 million depending on Bontonfilm’s 2010 performance.
Bontonfilm currently accounts for ten of the top 20 films at the Czech box office. CME is a vertically integrated media company operating broadcast, content and new media businesses in six Central and Eastern European countries.