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Sunday, 7 April 2019

Egyptian Media Group acquires DMC owner D Media

M&A WATCH- Egyptian Media Group has acquired satellite television network D Media, which owns DMC Channels, Al Shorouk reports. EMG CEO Tamer Morsi has been appointed to head D Media. No further details on the transaction were provided. EMG previously acquired a 51% stake in Future Group Holding — which owns satellite news channel CBC — as well as Al Hayat TV Network.

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