Article: Viacom Agrees to Acquire 75.8% of VIVA Media AG and Will Offer to Purchase All Outstanding Shares.

Deal Reflects Viacom's Long-Term Commitment to Expansion in Germany

VIVA management supports combining MTV and VIVA operations, to create complementary TV channels and increased investment in Germany

As part of a bid to acquire 100% of VIVA Media AG, Viacom Inc. has signed an agreement to purchase the shares of 14 VIVA shareholders, who together hold a 75.8% ownership interest in the company. The agreement includes the two largest shareholders, Time Warner (30.6%) and Universal Music (15.3%). In a separate transaction, Viacom has agreed to acquire Time Warner's stake in VIVA PLUS, which is a joint venture between VIVA Fernsehen GmbH (51%) and Time ...

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