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Saban's German bid accepted

KirchMedia's creditors have approved US media mogul Haim Saban's offer to buy a controlling stake in Germany's ProSiebenSat.1 media group.The insolvent KirchMedia announced that its creditor committee had voted unanimously to accept the proposal of insolvency administrator Michael Jaffe to sell KirchMedia's shares in ProSiebenSat.1 Media AG to Saban Capital Group.

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