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SES PS buys RR Media for USD 242 mln

2016-02-26 09:54:00| Telecompaper Headlines

(Telecompaper) SES Platform Services, part of the SES family, said it has agreed to acquire all of RR Media for USD 13.291 per share, or a total enterprise value of USD 242 million, with the aim of creating a world-leading global media solutions provider. The deal, funded by the existing financial resources of SES, is subject to regulatory approvals, which are expected to complete in the second or third quarter of this year. After the closing, RR Media and SES PS will be combined to create a new, stand-alone world-leading media services provider, offering full continuity and enhanced service to their existing customers.

Tags: media ses usd buys

Category:Telecommunications

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