Tiso Blackstar sells Gallo to Lebashe for R75m

Lebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution.

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. Lebashe, headed by chair Tshepo Mahloele, launched a new company, Arena Holdings, housing media assets including Sowetan, Daily Dispatch, The Herald, Business Day TV and Financial Mail.

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Tiso Blackstar sells Gallo to Lebashe for R75mLebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution.
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Tiso Blackstar sells Gallo to Lebashe for R75mLebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution
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Tiso Blackstar sells Gallo to Lebashe for R75mLebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution
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Tiso Blackstar sells Gallo to Lebashe for R75mLebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution.
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Tiso Blackstar sells Gallo to Lebashe for R75mLebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution
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