VEON To Acquire 33.75% Stake And Control Rights In Jungo TV Holdco For $5M Cash Plus ~2.35M Kyivstar Shares At $18.00
Investment combines U.S. entertainment and women’s sports content with VEON’s digital platforms and Jungo TV’s distribution across 65 countries
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Why It Matters
VEON is buying a big stake in Jungo TV to add sports and entertainment shows. This means VEON wants to offer more kinds of content on its apps worldwide.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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