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COBALT advises TV NET in acquistion of the portal


The Latvian on-line news portal SIA TV NET, owned by the Estonian media group Eesti Media, has purchased another well-known on-line news portal from the company's Finnish owners Sanoma Latvia Ltd. SIA TV NET board member Ivars Bauls pointed out that the main aim of the purchase is to become the most significant on-line media in Latvia.

Together, TV NET and Apollo reach the largest on-line media audience in Latvia.

COBALT represented TV NET in the transaction.