Permira, KKR purchase SBS Broadcasting

SBS is a European commercial television and radio broadcasting company with operations in Western and Central Europe
Author:
Publish date:
Social count:
0

SBS Broadcasting has entered into an agreement to be acquired by Permira and affiliates of Kohlberg Kravis Roberts & Co. (KKR) in a transaction valuing SBS at approximately $2.5 billion. SBS' business activities will be continued under ownership of Permira and KKR.

SBS is a European commercial television and radio broadcasting company with operations in Western and Central Europe.

The transaction is subject to competition clearance must be approved prior to closing by two-thirds of the votes cast by SBS shareholders at an extraordinary meeting, which is expected to take place in October 2005.

For further information, visit www.sbsbroadcasting.com, www.permira.com and www.kkr.com.

Back to the top