Kirch, Bertelsmann intensify talks on Pay-TV deal
Article Abstract:
Bertelsmann AG is in advanced negotiations to sell 45% of the Premiere pay-TV channel to Kirch Group for close to $1 billion. Kirch would acquire the stake in Premiere from CLT-Ufa, which is largely owned by Bertelsmann, for a price amounting to about $1250 per Premiere subscriber. Kirch would then be free to merge Premiere with its DF1 digital pay-TV company. Germany's Federal Cartel Office now seems receptive to such a merger, since it would separate Kirch from Bertelsmann and perhaps encourage others to develop a competing pay-TV platform.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Kirch withdraws bid to acquire 25.1% of EM.TV
Article Abstract:
Kirch Group has terminated its offer to acquire a minority share in EM.TV and Merchandising AG. Kirch, which was blocked by the German cartel office, had offered to acquire 25.1% in EM.TV.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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UPC will acquire SBS Broadcasting
Article Abstract:
United Pan-Europe Communications NV has reached a deal to acquire SBS Broadcasting in a deal worth $2.8 billion (2.92 billion euros). The deal will be in stock and cash form.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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