Dutch company buys into Channel 2 concessionaire
Deal marks second major purchase in Israel for Endemol, which produces ‘Big Brother’
Add ToI as a Preferred Source on GoogleLazar Berman is The Times of Israel's diplomatic reporter
A man sits monitors what's happening inside the house of the TV show 'Big Brother,' at Globus Group Studios in Neve Ilan outside Jerusalem, February 26, 2009 (photo credit: Kobi Gideon/Flash90)
Major television production company Endemol was set Monday to finalize an agreement to become a major shareholder in Reshet, one of the two concessionaires that run Israel’s most popular TV station, Channel 2 .
Endemol, a Dutch company owned by Italian media conglomerate Mediaset, produced a number of successful reality programs and created the “Big Brother” format.
The company signed a deal last Thursday in which it paid NIS 100 million ($28.56 million) for one-third of Reshet’s stock.
This is not Endemol’s first major purchase in the Israeli market. In April, it purchased a controlling share in Kuperman Productions, which it relaunched as Endemol Israel.
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