ProSiebenSat Buys Remaining Stake In German Video Sharing Site MyVideo For $26 Million
By Rafat Ali - Sun 02 Sep 2007 05:55 PM PST
ProSiebenSat.1 Media, Germany’s largest commercial TV broadcaster, has bought 70 percent of MyVideo.de, a German video sharing site that it already had a 30 percent stake in, thereby buying out the site completely, reports Blognation, citing ProSieben’s recent half-yearly report. The 70 percent stake cost the company about $26 million...this follows the initial investment it did last year. The German-language PDF is here.
Posted in: Countries, UK & Europe, Germany, Social Media, Video Sharing, VC+M&A
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