Culturecom seals takeover deal for Super Sports Media

Hong Kong-based media content and publishing company Culturecom Holdings has completed a deal to acquire Chinese media company Super Sports Media.

The takeover, which was announced in January, will be worth up to $500m (€439m).

Culturecom agreed the transaction with investment vehicles IDG-Accel China Growth Fund and IDG China Media Fund.

Super Sports Media, founded in 2010, distributes sports programming through television, internet and other platforms in China. It holds exclusive rights in China for football’s English Premier League through to the end of the 2018-19 season.