Swedish publishing house MTG buys Dutch Zoomin.tv
Amsterdam online video production house Zoomin.tv has been bought by Swedish publishing house MTG.
MTG has paid €44.8m for a 51% stake in Zoomin and has first right of refusal on the remaining shares.
On a daily basis Zoomin produces some 400 videos for news services and websites in 45 countries, including YouTube, AOL, Yahoo and Dutch news sites.
The company books most of its turnover in the US, followed by Germany and Brazil.
MTG (Modern Times Group) is the biggest online publisher and television producer in Scandinavia.
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