Cyfrowy to Buy Online Video Service for $50 Million

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Dominik Libicki, CEO of Cyfrowy Polsat, speaks to the media at the news conference following the fourth-quarter results in Warsaw March 18, 2010.
Dominik Libicki, CEO of Cyfrowy Polsat, speaks to the media at the news conference following the fourth-quarter results in Warsaw March 18, 2010.

(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)

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