ProSiebenSat Buys Remaining Stake In German Video Sharing Site MyVideo For $26 Million

ProSiebenSat.1 Media, Germany’s largest commercial TV broadcaster, has bought 70 percent of MyVideo.de, a German video sharing site that it already had a 30 percent stake in, thereby buying out the site completely. The 70 percent stake cost the company about $26 million...this follows the initial investment it did last year.