The Commission on Protection of Competition Bulgaria approved the acquisition of Nova Broadcasting Group by United Group. The decision takes effect immediately, the regulator's website informs.
Nova Broadcasting Group includes Nova TV, a news channel, 2 music channels, 4 radio stations, 8 popular web sites and several agencies.
United Group, owned by London-based private equity fund BC Partners, already owns Vivacom. It has acquired the media group for EUR 150 million.
"Based on the assessment that it carried out, the Commission on Protection of Competition came to the conclusion that the acquisition will not lead to the creation or strengthening of a dominant position," the commission's decision reads, Nova TV reported.
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