Tiso Blackstar sells Gallo to Lebashe for R75m
Lebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution
08 March 2020 - 16:00
Tiso Blackstar Group, the former publisher of the Business Day and Sunday Times, says it has sold its entire stake in Gallo Music for R75m to Lebashe Investment Group’s Arena Holdings.
In 2019, Lebashe, which bought Tiso Blackstar’s media assets for R1.05bn, was granted a right of first refusal if the company elects to sell its interest in Gallo...
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