August 2, 2012 – Chellomedia is to purchase the MGM Networks channel business in Spain, Turkey, Israel, Benelux and Poland, India and South East Asia. The Liberty Global business will take the pan-EMEA channel and its associated feeds, but MGM will retain its network businesses in US, Canada, UK, Germany and its joint venture interests in Brazil and Australia.
Earlier, it was announced that CBS would take a 30% stake in Chellomedia’s European entertainment channel business.
Read more: http://www.broadbandtvnews.com/2012/08/02/chellomedia-acquires-mgm-networks/