SKY Network Television Limited (NZSE:SKT) signed a conditional sale and purchase agreement to acquire Lightbox New Zealand Limited from Spark New Zealand Limited (NZSE:SPK) on December 18, 2019. The deal is conditional on commercial, legal and regulatory approvals as required, and Sky and Spark anticipate completion by early 2020.

SKY Network Television Limited (NZSE:SKT) completed the acquisition of Lightbox New Zealand Limited from Spark New Zealand Limited (NZSE:SPK) for AUD 6 million on January 31, 2020. The consideration is paid AUD 6 million cash plus the fair value of prepaid content rights, yet to be determined. Andrew Hirst of Deloitte Touche Tohmatsu New Zealand, Investment Banking Arm acted as financial advisor for SKY Network.