Cobalt has advised the shareholders of Kids Network Television OU, including its management, on the sale of the business to MM Grupp OU. The deal is contingent on 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 and TV series and movies aimed at viewers of all ages.
The portfolio of the MM Grupp, which was established by UP Invest OU, includes the general interest channel Kanal 2 and specialized TV channels Kanal 11, Kanal 12, MyHits, Eesti Kanal, and Eesti Kanal+.
Cobalt’s team included Partner Peeter Kutman, Senior Associate Madis Reppo, and Associate Tiit-Gregor Mets.
