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Europe - TMG stops blocking ProSiebenSat1 acquisition of SBS.

Europe Intelligence Wire

| June 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Dutch media concern Telegraaf Media Groep (TMG) and Lavena Holding 4, an entity controlled by funds advised by KKR and Permira, have reached agreements in which TMG is being granted an option to acquire a minority of the voting shares in ProSiebenSat1 Media (ProSieben), subject to the completion of the acquisition of the SBS group by ProSieben. TMG holds a 20 percent equity interest in SBS Broadcasting, ...

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