European powerhouse Mediawan has acquired Leonine, a leading production and distribution group active in German-speaking markets.
With the acquisition of Leonine, Mediawan will boast a portfolio of 85 labels, a catalogue spanning 30,000 hours of premium content and revenues exceeding €1.3 billion ($1.4 billion). Mediawan‘s worth is now believed to be in the $2-billion range. The deal is an all-stock transaction; both companies have the same shareholder, the U.S. private equity fund KKR whose stake in Mediawan will still be below 50%, according to a source close to the company.
Mediawan now has a significant footprint in all major European markets, including German-speaking territories which represent
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