SBS Broadcasting to Go Private in Buyout

Private equity firms Permira and Kohlberg Kravis Roberts & Co. agreed to buy SBS Broadcasting for about 1.7 billion euros ($2.1 billion) in cash to access some of Europe’s fastest-growing television markets.

The firms said they planned to take the company private and take on 170 million euros of debt in Luxembourg-based SBS, which has TV and radio stations in Denmark, Sweden, Hungary and other countries, reaching a total of about 100 million people.