SBS partners with MD Entertainment to tap into Southeast Asian market

SBS said Tuesday it has made a strategic $20 million investment in leading Indonesian media firm MD Entertainment. The deal was made through a new share issuance where SBS acquired rights from MD's largest shareholder at a discounted price, according to SBS. The transaction was approved by Indonesia's financial regulators on Wednesday. Upon completion, SBS will hold a 3.8 percent ownership stake in the Jakarta-based company. SBS said the move is a key part of its new growth strategy to bolster international partnerships and establish a crucial base in the Southeast Asian content market. Established in 2002, MD Entertainment is one of Indonesia's largest media and production companies.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times