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AMC Expands Global Footprint with Chellomedia

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AMC Networks Inc (NASDAQ:AMCX) will acquire LIBERTY GLOBAL PLC‘s (NASDAQ:LBTYA) Chellomedia international division for $1.04 billion. The Chellomedia encompasses Chello Latin America, Chello Central Europe, Chello Zone, joint ventures with CBS International, Zon Optimus, and A&E Networks. According to AMC, the Chellomedia networks are disturbed to 390 million households in 138 countries. The acquisition will provide AMC greater exposure internationally, an expanded viewership and programming, and a stronger global distribution arm. Finalization of the deal is expected to occur in the first quarter of 2014.