08.30.2005 04:40 PM
Permira, KKR to purhcase SBS

SBS Broadcasting has entered into a agreement for its business to be acquired by private equity firms Permira and Kohlberg Kravis Roberts (KKR) for approximately $2.5 billion.

SBS has grown from three Scandinavian television stations founded in 1993, into one of Europe's largest broadcasting companies, reaching more than 100 million people across nine countries.

The transaction is subject to competition clearance and must be approved by SBS shareholders prior to closing.

For more information, visit www.sbsbroadcasting.com.

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