Digital media service provider RR Media is set to merge its operations with those of SES to create a new, stand-alone, global media services provider, offering full continuity and enhanced service.
SES will pay a consideration of USD 13.291 per share to acquire a 100% interest in RR Media. The acquisition is subject to regulatory approvals, which are expected to be completed in Q2/Q3 2016.
“RR Media has successfully developed the capability to manage and deliver premium content effectively, helping its customers to reach a global audience over multiple satellite, cable TV, IPTV, online and mobile platforms,” comments Wilfried Urner, Chief Executive Officer of SES Platform Services. “SES, as the largest global platform for video in terms of reach and channels, adds global scale and considerable insights from the successful development of SES PS in Europe.”