Modern Times Group spins off Nordic Entertainment as listed company

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(Telecompaper) Modern Times Group (MTG) has decided to split into two companies, one for e-sports, gaming and digital entertainment, and the other for broadcasting, studio production and social media advertising. The plan follows TDC’s withdrawal from the merger with MTG Nordics that had been agreed at the beginning of February. MTG said it will distribute all of the shares in Nordic Entertainment Group to MTG shareholders and list them on Nasdaq Stockholm.
Source: Industry News (syndicated from Telecompaper.com)

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