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Article: Lehman Bros buys Kirch pay TV stake.(Brief Article)
- Article from:
- Screen Digest
- Article date:
- October 1, 2000
CopyrightCOPYRIGHT 2000 Screen Digest 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)
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US investment bank Lehman Bros has acquired 2.4 per cent stake in Kirch Pay TV for DM 400m ($175m), valuing German pay TV venture at DM 16.3bn ($7.1bn). Announcement comes hot on heels of Prince Al Waleed and Capital Research & Management buying five per cent non-voting stake for $351m. Kirch had previously sold off its stake in UK's BSkyB in August (see 2000/235a1). Kirch (Germany; +49/89 9956 2324; www.kirchgruppe.de) has raised $1.4bn in past weeks for investment in Premiere World to ...
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