(Bloomberg) -- ProSiebenSat.1 Media AG will combine
forces with SBS Broadcasting Group in a transaction valued by the
companies at 3.3 billion euros ($4.4 billion), the companies
announced today in an e-mailed statement.
ProSiebenSat.1 Media AG, Germany's largest broadcaster,
plans to create a pan-European broadcasting group, which will
significantly reduce its dependence on the German television
advertising market, the statement said. ProSiebenSat.1 expects to
complete the purchase in July.
Read more at Bloomberg Bonds News
forces with SBS Broadcasting Group in a transaction valued by the
companies at 3.3 billion euros ($4.4 billion), the companies
announced today in an e-mailed statement.
ProSiebenSat.1 Media AG, Germany's largest broadcaster,
plans to create a pan-European broadcasting group, which will
significantly reduce its dependence on the German television
advertising market, the statement said. ProSiebenSat.1 expects to
complete the purchase in July.
Read more at Bloomberg Bonds News
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