Kwesé TV Ghana, one of the country’s largest free-to-air television networks, has been acquired by new owners.
Terms of the deal aren’t known at the moment.
This comes barely three months after the sale of the television station was advertised in a newspaper publication.
Econet Media, owned by Zimbabwean businessman Strive Masiyiwa, said it is selling 70 percent of its shares in Econet Media Ghana Limited as well as all of its shares (100 percent) in Modern African Productions Limited, the production wing of the Labone-based channel.
Econet Media has since July been placed under administration. The company owes some 130 million dollars to suppliers, primarily in the area of rights acquisitions.
Econet Media, which operates under the brands Econet Media and Kwese, runs businesses that offer satellite broadcasting, free-to-air television and digital distribution of media content.
As a result of the new development staff at the media house risk losing their job at the station.
Deep throat source has hinted that the new owners of the Labone-based channel has asked workers to tender their resignation letter as they rebrand.
Attempts to get management of Kwesé TV Ghana to confirm or deny the news proved futile.