Global private equity firm Providence Equity Partners on Wednesday finalized the acquisition of the TV3 media group from Sweden's concern Modern Times Group (MTG).
TV3 News camera
© DELFI / Domantas Pipas

"The deal was finalized 15 minutes ago. The last thing was a go-ahead from the Latvian Competition Council, which we secured yesterday. Everything went fast after that," Pierre Danon, board chairman at All Media Baltics, told a news conference on Wednesday.

In his words, the business will be operated by All Media Baltics.

In March, MTG announced sales of its business in the Baltic states to Providence Equity Partners for 115 million euros.

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