Planet TV sold to Sony Pictures Television

Planet TV: Joining forces with Sony Pictures Television to become a major player in Turkish broadcasting

Founded in 2012 in Turkey, Planet TV was created with the clear agenda of becoming a leading multichannel operator in the country.

The company has grown from 2 to 4 channels and is now offering four premium thematic channels with local content across Kids, Cooking, Turkish Movies and Soaps.

These themes used to be programme grids of mainstream channels until Planet, pioneering a new approach, articulated them as distinct channel identities, in turn providing advertisers with targeted audiences.

Now ideally positioned to continue its dynamic development

In April 2016, Sony Pictures Television, an American television production and distribution studio and a division of the Japanese conglomerate Sony, has entered into a joint venture agreement with Planet TV through the acquisition of a majority stake in the company from the existing shareholders.

SPT and Planet will hold call and put options respectively on the remaining shares of the company, allowing Sony to increase their stake to 100%.

With Sony as their partner, Planet TV will continue its dynamic development and growth into being a major thematic channel owner and operator in Turkey.

Through this Joint Venture, the company will be able to further build scale and distinction in a dynamic and competitive broadcasting market.

GCA Altium acted as sole advisor to the seller.

Related Transactions

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• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.