Us media company Viacom International Media Networks (VIMN) - owner of MTV amongst others - has completed its £450m acquisition of Channel 5 Broadcasting Limited from Northern and Shell Media Group.
 
The deal, which was announced in May, was closed this morning after receiving unconditional clearance from the European Commission.
 
Philippe Dauman, Viacom President and CEO, said: “Our ownership of Channel 5 will significantly increase Viacom’s investment in British creativity and content. We are committed to strengthening ...