Telenet close to acquiring SBS Belgium stake

June 13, 2014 08.54 Europe/London By Robert Briel

Telenet builingBelgian operator Telenet is close to buying the 33% share in De Vijver Media holding now owned by Sanoma publishing.

De Vijver Media is the holding company for the Flemish television channels from SBS Belgium, consisting of Vier and Vijf (Four and Five), production house Woestijnvis and the weekly TV guide Humo. The company is currently owned by founders Wouter Vandenhaute and Erik Watté (33%) and publishing and printing house Corelio (33%), with the remaining 33% now up for sale by Sanoma.

The deal would give the cable operator access to the former SBS channels as well as to the content library of Woestijnvis. According to local press reports, the sale is about to be closed within the next few weeks.

However, it is unclear if regulatory approval is needed for such a deal.