SES Platform Services (SES PS), a wholly-owned subsidiary of SES, announced an agreement whereby RR Media, a leading provider of global digital media services to the broadcast and media industries, will merge its operations with those of SES PS.
SES will pay a consideration of USD$ 13.291 per share to acquire a 100% interest in RR Media. The consideration corresponds to an Enterprise Value of US$242 million, which will be funded from the group’s existing financial resources. The acquisition is subject to regulatory approvals, which are expected to be completed in Q2/Q3 2016.