BERLIN, June 27 (Reuters) - German TV broadcaster ProSiebenSat.1 Media said on Wednesday it bought rival SBS Broadcasting for €3.3bn ($4.4bn).

The combination of ProSiebenSat.1 and SBS, both majority-owned by private equity firms KKR and Permira, will create a pan-European rival to RTL Group, owned by German media group Bertelsmann.