Endemol to buy up 2 foreign ventures

Aran, Zeppelin purchase to help build 'Net biz

AMSTERDAM — Endemol Entertainment plans to increase its stakes in Italian company Aran Endemol and Spanish venture Endemol Zeppelin from 45% to 100%.

Payment for the shares will be issued in cash as well as Endemol shares.

The parent company plans to issue some 900,000 new shares in a private placement as partial payment to the founding owners of the two production units. Control of 100% of the stakes will help Endemol implement its planned Internet strategy, the company said Tuesday.

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