goetzpartners advises MFD in selling strategic stake to Naspers

Corporate Finance

Germany's pioneering mobile television company MFD Mobiles Fernsehen Deutschland GmbH announced that listed South-African Naspers, through its subsidiary MIH Group, has made a strategic investment in the company in exchange for a 37.53% shareholding. The invested amount was not disclosed.

MFD's mobile TV service, “watcha”, comprises five television channels and one visual radio channel. The company has established a broadcasting network in 16 metropolitan areas across Germany. MFD is the exclusive holder of a nation-wide digital mobile broadcasting license in Germany based on the DMB (digital multimedia broadcasting) standard and is also applying for a DVB-H (digital video broadcasting for handhelds) license currently being tendered by Federal State Media Authorities in Germany.

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