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The Firm represents KKR in its acquisition, in consortium with Permira, of substantially all of the assets of SBS Broadcasting S.A., with a total enterprise value of over Euro 2.1 billion (including assumed liabilities). SBS Broadcasting, which was founded by Executive Chairman Harry Sloan in 1989 with the purchase of channels in Denmark, Norway and Sweden, operates 16 television stations, 21 premium pay channels and 11 radio networks and broadcasts to 100 million viewers in nine countries across Western and Central Europe. It also owns radio and publications and is listed on Nasdaq and Euronext.

The transaction requires shareholder approval at an extraordinary general meeting expected to be convened in October. In addition to shareholder approval, the transaction is subject to EU, Swiss and Romanian antitrust clearance and other customary closing conditions.

The Simpson Thacher team includes Mark Pflug, Caroline Chang, Steve Vasil and Samantha Pitts-Kiefer (Corporate), Steve Todrys, Meredith Jones and Jenifer Marsh (Tax), David Vann and Gonzalo Zeballos (Antitrust) and summer associate Jenny Marsh.