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Tuning in

27 June 2007 By Fiona Maharg-Bravo

KKR and Permira, majority owners of both broadcasters, had always planned to scrunch the companies together. But the E3.3bn price equivalent to 14 times ebitda looks high and the synergies ambitious. At first blush the E3.3bn price akin to 14 times ebitda looks high. But add in the synergies, and the price looks more reasonable.

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