CME in talks to buy News Corp Bulgarian bTV -source

SOFIA, Jan 26 (BestGrowthStock) – Central European Media Enterprises
(CME) (CETVsp.PR: ) is in the final stage of signing a deal to buy
News Corp’s (NWSA.O: ) Bulgarian broadcaster bTV for about 500
million euros, a source familiar with the matter told Reuters.

The Sofia-based source, who is close to the talks, said on
Tuesday the deal was likely to be announced in the weeks after
Feb. 1.

“The deal is about to be finalised,” the source told
Reuters. “We’re talking around 500 million.”

A spokeswoman for bTV, Bulgaria’s most watched station, with
a market share of over 38 percent in December, declined comment
but confirmed the company was in talks with potential suitors.

CME, which has TV stations in several central and eastern
European markets, also declined comment, as did News Corp
officials in London.

Stock Market Report

(Reporting by Anna Mudeva; Jason Hovet in Prague and Georgina
Prodhan in London, editing by Will Waterman)

CME in talks to buy News Corp Bulgarian bTV -source