Freenet buys Media Broadcast Group for 295 million euros

March 3, 2016 7:24 AM

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FRANKFURT Germany's Freenet has agreed to buy transmission company Media Broadcast Group for about 295 million euros ($320 million) to expand into internet-based television activities.

Under the deal announced on Thursday, Freenet's unit mobilcom-debitel GmbH will buy shares and provide a shareholder loan for the repayment of bank loans.

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