According to Deadline, the AMC Network is expanding by acquiring Chellomedia from Liberty Global.
Liberty put the business up for sale in May, expecting a deal between $800,000,000 and $1 billion. Chellomedia produces and distributes TV channels in the UK, Benelux, Central Europe, Spain and Latin America.
According to ScreenDaily, Josh Sapan, the president and chief executive of AMC Networks said that “This acquisition allows us to secure a large, global platform on which to distribute our increasingly successful original programming through a collection of strong, well-established and well-managed assets worldwide.”
The acquisition is expected to be closed in 2014.