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Vicaom Holdings Germany LLC's public tender offer to Vivas Media
AG shareholders to acquire all outstanding shares (as announced
on 23 August 2004) is now unconditional with all conditions precedent
having been fulfilled or deemed to be fulfilled, informs a Viacom
communique.
The required regulatory approval was secured from the Federal German
cartel office (Bundeskartellamt) earlier.
The German Commission on concentration in the media (Kommission
zur Ermittlung der Konzentration im Medienbereich, KEK) has agreed
to acquire a majority stake in Viva Media, its only German music
television rival.
Vicaom ACOM also closed a separate agreement pursuant to which
Viacom acquired the Time Warner-participation in Viva Plus, a joint
venture of VIVA Fernsehen GmbH (51 per cent) and Time Warner (49
per cent), adds the release.
Viacom a leading global media company, with pre-eminent positions
in broadcast and cable television, radio, outdoor advertising and
online has a well-known brands include CBS, MTV, Nickelodeon, VH1,
BET, Paramount Pictures, Infinity, Viacom Outdoor, UPN, Spike, Country
Music Television, Comedy Central, Showtime, Blockbuster and Simon
& Schuster.
Also read:
Viacom
to acquire 75.8 per cent of German music channel Viva Media
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