Renova Media completes acquisition of Moscow CableCom

By Lisa Kerner

Charlotte, N.C., July 20 - Renova Media Enterprises Ltd. acquired all the equity interest in Moscow CableCom Corp., making the company a wholly owned direct subsidiary of Renova Media.

The per-share price for Moscow CableCom's common stock was $12.90. The company's series A preferred stock was priced at $39.4095 per share.

Public trading of Moscow CableCom shares on the Nasdaq Global Market ceased as of the market's close on Friday.

Renova Media and Moscow CableCom announced their definitive merger agreement on Feb. 22.

Moscow CableCom, located in New York, is the parent company of a Russian provider of pay-TV and internet services.

Renova Media Enterprises is the telecommunications arm of Renova Group, a Russian private equity investor.

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