Cyfrowy Polsat Buys Ipla for $48M

Cyfrowy Polsat, Poland’s largest media company, will pay 150 million zlotys ($48.1 million) to buy the video service ipla, Reuters reported Monday. Cyfrowy Polsat is buying the service from a company owned by Cyfrowy’s controlling shareholder Zygmunt Solorz-Zak, Reuters wrote.

(Reuters) – Poland’s largest media group Cyfrowy Polsat CPSM.WA agreed to buy online video service ipla for 150 million zlotys ($48.1 million) from a company owned by Cyfrowy’s controlling shareholder Zygmunt Solorz-Zak, it said on Monday. ($1 = 3.1166 Polish zlotys)

(Reporting by Adrian Krajewski)