Did EMG buy Al Hayat from Falcon Group’s Tawassol?

M&A WATCH- Did EMG buy Al Hayat TV from Falcon Group’s Tawassol? Egyptian Media Group (EMG) has acquired struggling television station Al Hayat, EMG announced on Thursday, Youm7 reports. The brief statement provides no detail on the transaction value. Al Hayat ran into financial trouble last year that saw Egyptian Media Production City cutting off services to Al Hayah for allegedly failing to make good on EGP 20 mn in overdue payments.