Sky buys New Zealand TV3

[EVVTV12 204]

Sky TV has agreed to buy Warner Brothers Discovery NZ, which owns Three, for NZ$1. WBD bought Three, also known as TV3, for US$20 Million in 2020. 
 

Sky TV shares a name, but is not related to Sky Group in the UK, which is owned by Comcast. 

[l_miro 245]

21 minutes ago, EVVTV12 said:

Sky TV has agreed to buy Warner Brothers Discovery NZ, which owns Three, for NZ$1. WBD bought Three, also known as TV3, for US$20 Million in 2020. 
 

Sky TV shares a name, but is not related to Sky Group in the UK, which is owned by Comcast. 

 

WBD will pay off the debt before transferring the stations, but also tied SkyTV in content agreement worth $20 mil a year for the next 5 years I think. So really a $100 mil transaction