AMC Networks Inc. (Nasdaq: AMCX) has closed a $1 billion deal for Chellomedia, the international content division of Liberty Global (Nasdaq: LBTYA).
The deal gives AMC, which is known for shows “The Walking Dead” and “Breaking Bad,” Chello Multicanal, Chello Central Europe, Chello Zone, Chello Latin America and Chello DMC, plus Chellomedia’s stakes in joint ventures with CBS International, A&E networks, Zon Optimus and other partners. The transaction was originally announced in October.
AMC’s acquisition follows Hemisphere Media Group Inc.’s (Nasdaq: HMTV) purchase of three Spanish-language cable television networks: Pasiones, CentroamericaTV and TV Dominicana.
Other recent media deals include Gilbarco Veeder-Root’s acquisition of Outcast Media, which provides video screens at gas pumps that broadcast weather and sports, and Harris Broadcast’s deal for Imagine Communications, which provides digital video services. Last July, Sinclair Broadcast Group Inc. (Nasdaq: SBGI) agreed to buy Perpetual Corp. and Charleston Television LLC, adding eight television channels.