Credit: REUTERS/ERIC GAILLARDPARIS, May 27 (Reuters) - Vivendi VIV.PA's pay-TV group Canal Plus said on Monday it would buy European rival M7 for about 1 billion euros ($1.12 billion) from private equity firm Astorg.
The acquisition would expand Canal Plus' presence on the continent to the Netherlands, Belgium, the Czech Republic, Slovakia, Austria, Hungary and Romania, it said in a statement.
M7's annual revenues amount to 400 million euros. Its acquisition would bring Canal Plus' total number of subscribers closer to 20 million, it said.
($1 = 0.8935 euros)
(Reporting by Mathieu Rosemain and Gwenaelle Barzic Editing by Geert De Clercq)
((Mathieu.Rosemain@thomsonreuters.com; +33 1 4949 5182; Reuters Messaging: mathieu.rosemain.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/MathieuRosemain))
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