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BRUSSELS, Belgium (AP) - European Union antitrust regulators cleared private-equity firms Permira and Kohlberg Kravis Roberts & Co. on Monday to buy out Luxembourg-based SBS Broadcasting SA in a deal valuing the broadcaster at about 1.7 billion euros ($2.06 billion).
SBS said it expected the deal to close in the second half of October. Shareholders backed the sale at an extraordinary general meeting last week.
The broadcaster runs 16 television channels, 21 pay-TV channels and 11 radio networks reaching 100 million people in nine European countries.
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