About Civil.ge
Eng | Geo | Rus
Last updated: 17:51 - 27 Jul.'16
RSS
Mobile
Twitter
Facebook
Rustavi 2 Broadcaster Buys into Mze TV
Civil Georgia, Tbilisi / 4 Jan.'06 / 21:18

Rustavi 2 broadcasting company has bought shares of another Tbilisi-based TV station Mze (the Sun) – as a result a new Georgian media holding has been set up, the Rustavi 2 reported on January 4. Amount of the deal has not been disclosed.

According to this report Kibar Khalvashi, 100% shareholder of Rustavi 2 has bought 78% shares of Mze TV from the building materials’ production company SakCementi. Businessmen and parliamentarian Davit Bezhuashvili, who is brother of Foreign Minister Gela Bezhuashvili, is behind SakCementi company.

According to the deal, which will be finalized on January 5, Kibar Khalvashi, who is a close friend of Defense Minister Irakli Okruashvili, will own 78% of the new media holding; the rest 22% of shares will be under the SakCementi’s ownership.

Founded in 1994 Rustavi 2 TV has become a leading television station in Georgia. As a result of the deal it will now reportedly control most of the Georgia’s growing TV advertisement market.

Rustavi 2 also reported that that as a result of this deal the Mze TV, which was founded in 2003, will most likely become entertainment television.

The new company will be the largest Georgian media holding, followed by Imedi holding, uniting television and radio stations, which is owned by an influential tycoon Badri Patarkatsishvili.

Latest News
27 Jul.'16 17:51
Hungary’s FM Visits Tbilisi, Says EU Should Grant Visa-Free Travel to Georgia ‘Immediately’
He also said Hungary wants Georgia “to be invited in NATO as soon as possible.”
27 Jul.'16 15:19
Central Bank Cuts Key Rate to 6.75%
The central bank said that the key rate “is expected to be cut to 6% in a mid-term period.”
27 Jul.'16 13:27
NDI-Commissioned Public Opinion Survey
The poll shows respondents’ attitudes towards broad range of issues, among them foreign policy.
26 Jul.'16 23:05
Tbilisi Says Local Man ‘Physically Assaulted by Occupying Troops’ at S.Ossetia Administrative Border
The incident occurred close to the village of Kirbali of Gori municipality, southeast of Tskhinvali.
26 Jul.'16 15:19
Addressing Georgian Diplomats, PM Speaks of Foreign Policy Priorities
Georgian diplomacy should be capable of being adapted to fast changing int’l situation, he said.
26 Jul.'16 12:11
Prosecutor’s Office Probes into Alleged Pressure on Constitutional Court
Prosecutor’s office also opened investigation into alleged pressure by police on President’s relative.
25 Jul.'16 19:23
PM, Politicians Comment on President’s Allegation of ‘Pressure’ on his Relative
PM ruled out there was a political motive when police searched President’s relative.
25 Jul.'16 15:25
After Meeting Constitutional Court Chair, President Speaks of ‘Dangerous Trend’
President said “pressure” was also exerted on one of his family members.
24 Jul.'16 17:28
GDDG Names Majoritarian MP Candidates in Samegrelo Region
Agriculture Minister is one of the seven majoritarian MP candidates nominated on July 23
24 Jul.'16 13:49
Georgia Sends 39 Athletes to Rio Olympics
It is the largest ever Olympic team for Georgia, which first sent athletes as an independent state to the Summer Olympics in 1996.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
57