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NBC finalizes Sparrowhawk acquisition

NBC Universal's pick up of Sparrowhawk Holdings and its global portfolio of pay-TV channels - including Sparrowhawk's interest in upstart 24/7 children's net KidsCo that launched in September in Central and Eastern Europe - is a done deal. The closure of the acquisition follows the conclusion of regulatory approvals.
October 23, 2007

NBC Universal’s pick up of Sparrowhawk Holdings and its global portfolio of pay-TV channels – including Sparrowhawk’s interest in upstart 24/7 children’s net KidsCo that launched in September in Central and Eastern Europe – is a done deal. The closure of the acquisition follows the conclusion of regulatory approvals.

All told, NBC Universal has acquired the 18 feeds of the international Hallmark Channels, which air across 152 territories to more than 60 million subscribers in the UK, Europe, the Middle East, Africa, Australia, Latin America and Asia.

The completion of the deal has augmented NBCU global Networks to more than 30 channels in total, with ongoing plans to expand to more than 50 channels over the next two or three years.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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