The Lebashe Investment Group announced today the launch of its new media entity, Arena Holdings (Pty) Ltd to house all its content, broadcasting, and media assets, following the successful conclusion of a R1,05 billion transaction with Tiso Blackstar announced in June this year.
The transaction also received the nod from the Competition Tribunal of South African and Tiso Blackstar Group SE shareholders in the United Kingdom last month – paving way for a new era of this media group headquartered in Parktown, Johannesburg.
Lebashe Chairman Tshepo Mahloele said, “We are in it for the long haul. We want this new entity to focus solely on protecting and building our current media assets in South Africa, grow the media business across the African continent and, to help our businesses to effectively navigate industry changes that are brought to bear by digital disruption and other market forces.”
The business will continue under the leadership of Andy Gill and his Deputy Moshoeshoe Monare.
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