10/10/2005 (Agence Europe) - The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of Broadcasting SA (SBS) of Luxembourg by PKS Media S.à.r.l. (PKS) of Luxembourg, jointly controlled by Permira Holdings Limited (Permira) of Guernsey, the Channel Islands and Kohlberg Kravis Roberts & Co. L.P. (KKR) of the US. Permira and KKR are private equity investment companies. PKS is a vehicle company established solely for the purposes of the acquisition of SBS. SBS is a media company, primarily involved in free-to-air and pay-TV and radio broadcasting. The operation was examined under the simplified merger review procedure.