Saban Buys Stake in Media Nusantara Citra

Saban Capital Group Inc. is paying 692 billion rupiah ($78 million) for a 5% stake in Indonesian media firm PT Media Nusantara Citra, Reuters reported Monday. Saban Capital is controlled by billionaire Haim Saban. Los Angeles-based firm, which owns the Power Rangers franchise, will have an option to buy an additional 346.2 million shares or 2.5% stake in the company over the next 27 months, Reuters wrote.

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