SCHIBSTED ASA (SCH) – SBS becomes 15% owner of BidLet
, Published
17/11/1999 14:18:00

SBS Broadcasting becomes 15% owner of BidLet through a stock issue. As a result of the stock issue, Aftonbladet’s ownership in BidLet is reduced from 21% to 18%. SBS will pay USD 2.5 million in cash and provide advertising space in its TV channels and radio stations for a total of USD 12.5 million.