COBALT advises the sale of Kids Network Television’s business operations

COBALT advises the sellers of Kids Network Television OÜ on selling the business to MM Grupp OÜ. The deal is waiting for the approval of the Estonian Competition Authority.

Kids Network Television is a media company that broadcasts television programs in the Baltic States, the Middle East and North Africa. The Kids Network’s portfolio includes several specialized TV channels, including TV programs for children and young people (Kidzone, Kidzone , Smartzone) and TV series and movies aimed at viewers of all ages (Filmzone and Filmzone).

MM Grupp is a company established for the development of the television business by the investment company UP Invest OÜ in October last year. The MM Group’s portfolio includes the general interest channel Kanal 2 and specialized TV channels Kanal 11, Kanal 12, MyHits, Eesti Kanal and Eesti Kanal.

Our work comprised advising the seller during the whole deal process, including assisting the client with the due diligence process and drafting and negotiating the transaction documents. The client was advised by Partner Peeter Kutman, Senior Associate Madis Reppo and Associate Tiit-Gregor Mets.