European Broadcast Companies Join Forces

Skadden represented Telegraaf Media Groep N.V., based in the Netherlands, in connection with the sale of its shares in SBS Broadcasting Group of the Netherlands, which is being acquired by Germany's ProSiebenSat.1 Media for $4.4 billion, announced in June.

According to The Associated Press, the combined media firm, with operations in 13 European countries, will be the second largest pan-European broadcasting company after RTL Group SA, which is owned by Bertelsmann AG of Germany.