ProSiebenSat.1 divests non-core businesses

STOCKHOLM — German media giant ProSiebenSat.1 has sold subtitling and dubbing company Broadcast Text Intl. to Swedish venture capital outfit Valedo for an undisclosed sum.

BTI has offices in eight countries and translates, subtitles and dubs TV programs into 40 different languages.

The sale is seen as another step in ProSiebenSat.1’s efforts to streamline its activities.

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