Adrian Sarbu, CEO of CME; MediaPro, sold for $97,6M

July 28, 2009 Cristina Blanaru Media

Central European Media Enterprises (CME) on Tuesday appointed its president and chief operating officer Adrian Sarbu in the position of Chief Executive Officer, the company announced.

Also Tuesday, CME announced that the company and its CEO Adrian Sarbu signed an agreement to get all the entertainment operations of MediaPro, controlled by Sarbu, in a complex deal estimated at $97.6 million by Merrill Lynch.

MediaPro Entertainment includes Media Pro Pictures, Media Pro Studios, Media Pro Distribution, Pro Video, Media Pro Music & Entertainment, Cinema Pro, Hollywood Multiplex, the majority stake in Domino , which produces clips, and Media Pro Pictures sro – film operations in the Czech Republic.