Indonesia: Tencent-backed MD Entertainment to acquire NETV for $107m

Indonesia: Tencent-backed MD Entertainment to acquire NETV for $107m

Photo: Pixabay

Tencent-backed production house PT MD Entertainment Tbk is planning to acquire an 80% stake in IDX-listed PT Net Visi Media Tbk (NETV) for about 1.65 trillion rupiah ($107 million), according to a disclosure to the Indonesia Stock Exchange (IDX).

Edited by: Joymitra Rai