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 hlidacipes.org reported on Tuesday. AT&T holds 64% of CME’s common stock but effectively controls 75% of the company when factoring in preference shares. Hlidacipes.org, citing unnamed sources, reported that AT&T was seeking around 47 billion crowns ($2 billion) for the company.

source https://finance.yahoo.com/news/1-czechs-ppf-last-remaining-140018341.html?.tsrc=rss