September 24, 2019 / 1:29 PM / a month ago

PPF last remaining bidder for broadcaster CME - report

PRAGUE, Sept 24 (Reuters) - Investment group PPF, owned by the Czech Republic’s richest man Petr Kellner, is the last remaining bidder to buy broadcaster Central European Media Enterprises (CME) from AT&T, Czech news server reported on Tuesday.

AT&T holds 64% of CME’s common stock but effectively controls 75% of the company when factoring in preference shares. It inherited CME after its merger with Time Warner.

A PPF spokeswoman said the firm never comments on market speculation. (Reporting by Jason Hovet and Robert Muller; Editing by Jan Harvey)

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