Media Prima Bhd
has agreed to buy Natseven TV Sdn Bhd, which owns and operates rival TV station ntv7, for RM90mil after helping the company deal with its debts.
Natseven, which will see its debt ring fenced, has net debt of RM145mil. Half the debt will be paid by the end of this year. The balance will be settled in three years, beginning in 2006.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
