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ProSiebenSat.1 Buying Collective Digital Studio

  • Re/code, Wednesday, July 8, 2015 11:16 AM
Germany’s ProSiebenSat.1 Group is buying a YouTube video network named Collective Digital Studio. “ProSieben, which already owned 20 percent of Collective, is combining it with Studio71, its own Web video unit, and calling the combined company Collective Studio71,” Re/code reports. “ProSieben says it will put $83 million into the new venture, at a post-money valuation of $240 million, and will own 75 percent of the new company.”

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