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Mergers & Acquisitions

Sep. 3, 2003

Saban Pays $600 Million For Stake in German Television

Lured by overseas opportunities, a subsidiary of Los Angeles investment firm Saban Capital Group has bought a controlling interest in a German television network.

By Toni Vranjes
        Lured by overseas opportunities, a subsidiary of Los Angeles investment firm Saban Capital Group has bought a controlling interest in a German television network.
        Bankrupt German company KirchMedia last month sold a 72-percent stake in the network, ProSiebenSat.1 Media. The parties didn't reveal financial terms, but...

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