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Article: Germany's Kirch Attracts New Money.(Kirch Pay TV KGaA)(Brief Article)(Statistical Data Included)
- Article from:
- Multichannel News
- Article date:
- September 18, 2000
- Author:
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FRANKFURT, GERMANY -- Amid growing indications that Kirch Pay TV KGaA's digital direct-to-home platform Premiere World will not meet its end-of-year projections, the company has signed on two new investors.
Last week, Kirch Pay TV announced that Kingdom Holdings B.V., owned by Saudi Arabia's Prince al Waleed, and the U.S. firm Capital Research and Management Funds would take small stakes in the company. The two parties will pay a combined DM797 ($350 million) for the equity interest.
That news follows a late August announcement by KirchGroup, Kirch Pay TV's corporate parent, that it sold its 3.1 percent piece of British Sky Broadcasting Group plc ...