New York - Time Warner's cable television network Turner Broadcasting System announced that it has received formal approval from the Comision Nacional de Defensa de la Competencia in Argentina for the acquisition of seven pay television networks currently operating in the Latin American market.

The deals are valued at a total of $234 million.

Under the agreements, TBS is acquiring Fashion TV, HTV, Infinito, I.Sat, MuchMusic, Retro and Space.

In addition, TBS Latin America assumes sales representation rights for Claxson- and third party-owned networks in Latin America, and will provide related technical services to these networks, the company said.

Related Links:
http://www.turner.com