SBS Broadcasting to Go Private in Buyout
From Reuters
Private equity firms Permira and Kohlberg Kravis Roberts & Co. agreed to buy SBS Broadcasting for about 1.7 billion euros ($2.1 billion) in cash to access some of Europe’s fastest-growing television markets.
The firms said they planned to take the company private and take on 170 million euros of debt in Luxembourg-based SBS, which has TV and radio stations in Denmark, Sweden, Hungary and other countries, reaching a total of about 100 million people.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
