The Cabinet of Ministers today authorized UAB BITE Lietuva, Lithuanian company controlled by the U.S. investment company Providence Equity Partners, to acquire decisive influence in Latvian companies TV3 Latvia, Latvijas Neatkariga Televizija, and Star FM.
The deal still has to clear the Competition Council.
According to the government, the three Latvian media hold a substantial share of the Latvian media market and are important to national security of Latvia. According to the National Security Law, obtaining decisive influence (or 100 per cent of shar...
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