(Reuters) - BERLIN/FRANKFURT, June 27 - German TV broadcaster
ProSiebenSat.1 Media AG said on Wednesday it bought
rival SBS Broadcasting for 3.3 billion euros to
create Europe's second-biggest television provider.
The combination of ProSiebenSat.1 and SBS, both
majority-owned by private equity firms KKR [KKR.UL] and Permira
[PERM.UL], will create a pan-European rival to market leader RTL
Group, owned by German media giant Bertelsmann [BERT.UL].
Read more at Reuters.com Bonds News
ProSiebenSat.1 Media AG said on Wednesday it bought
rival SBS Broadcasting for 3.3 billion euros to
create Europe's second-biggest television provider.
The combination of ProSiebenSat.1 and SBS, both
majority-owned by private equity firms KKR [KKR.UL] and Permira
[PERM.UL], will create a pan-European rival to market leader RTL
Group, owned by German media giant Bertelsmann [BERT.UL].
Read more at Reuters.com Bonds News
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