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Middle Eastern pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said Sunday, a deal that could prove to be one of the largest acquisitions of a regional business in recent years.KIPCO said early this year that a flotation could happen on the London stock exchange in 2014, but OSN chief executive David Butorac told reporters in May that a share sale was not imminent.Should a sale be completed at around the kind of valuation which Arqaam put on the company, it will be one of the largest sales of a Middle Eastern business in recent years.
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