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Zodiak Could Wreck Warner/Shed Deal

By The Wire Filed in News Tagged with , , , July 30th, 2010 @ 12:50 pm

Paris-based Zodiak has bought an 8% stake in UK independent TV producer Shed Media. Another 2% more and Zodiak could stymie Time Warner, which is trying to buy Shed. Cyrte Investments, the investment company of Endemol-founder John De Mol, sold its 7.8% Shed stake to Zodiak on June 1. But the deal has only just come to light in a Stock Market footnote to another Shed investor, Aviva, selling 6% of its shares.
Last month, Zodiak closed a deal to acquire U.K.’

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