VEON to Acquire Interest in Jungo TV and All Women’s Sports Network (AWSN) to Accelerate Digital Entertainment Growth
VEON announced a strategic agreement to acquire a 33.75% stake with control rights in Jungo TV, the U.S. media company behind the All Women's Sports Network co-founded with Whoopi Goldberg. Consideration comprises $5 million in cash plus approximately 2.35 million existing Kyivstar Group (NASDAQ: KYIV) shares held by VEON, valued at an $18.00 reference price. No new Kyivstar shares will be issued.
Key figures
- Deal Value Usd
- $5 million cash plus ~2.35 million Kyivstar shares at $18.00 reference price
- Offering Price
- 18
- Shares Offered
- 2350000
- Lockup period
- 12 months, staged
- Kyiv reference price
- $18.00
- Veon equity stake acquired
- 33.75%
- Jungo distribution countries
- 65
AI analysis
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