You will be redirected back to your article in seconds

IFE close to cementing deal to take over TVS

Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today.

Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. Over 90% of ordinary shareholders have already accepted the deal.

Under the fine print of the offer, this means that the remaining preference shareholders now face the choice of either selling at the revised price, or converting their holdings into ordinary shares worth only half as much.

More Biz

  • Hulu Live TV Package

    APOS: Asian Video Market Set for Strong Growth (Study)

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

  • netflix debt

    Netflix Raises $1.9 Billion in Debt Financing, Its Biggest Round Ever

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

  • Kris Wu, Chinese Superstar Singer-Actor, Signs

    Kris Wu, Chinese Superstar Singer-Actor, Signs With Universal Music Group

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

  • solo a star wars story

    'Sabacc' Trademark Holder Sues Lucasfilm and Denny's

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

  • Set TVNow

    Studios Take Aim at Another Pirate Streaming Device

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

  • David Chang Partners With Bill Simmons

    David Chang Partners With Bill Simmons for Ringer Podcast

    Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early as today. Acceptances from TVS preference shareholders for IFE’s sweetened bid have passed the necessary 75% level, according to sources close to IFE. […]

More From Our Brands

Access exclusive content