Swedish Streamer Viaplay Gets Lifeline With New Share Approval
Source: Viaplay
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Swedish streaming service Viaplay Group AB has stepped back from the brink of bankruptcy after getting approval for a rescue plan that will leave existing shareholders holding stock that is near worthless.
Viaplay, which owns rights to sports broadcasting in the Nordic region, Netherlands and the Baltics, will see Vivendi SE-owned Canal+ and Czech investment firm PPF Group take a combined 58.6% stake in the group as part of the recapitalization.