Pro Sieben Sat.1 wants to sell its Internet holdings
As reported by the Financial Times Deutschland, the German TV group Pro Sieben Sat.1 wants to divest itself of a large part of its Internet holdings. The media group is currently looking for partners or buyers for the web network Lokalisten.de and Wer-weiss-was.de, among others.
As reported by the Financial Times Deutschland, the German TV group Pro Sieben Sat.1 wants to divest itself of a large part of its Internet holdings. The media group is currently looking for partners or buyers for the web network Lokalisten.de and Wer-weiss-was.de, among others.
A Group spokesperson is quoted as saying that the Group could imagine divesting itself of areas outside its core business if it could get a good price for them. ProSiebenSat.1 Executive Board member Marcus Englert has denied a sale of Lokalisten.de. "We would only sell non-core portals if a positive return could be achieved," he told the industry service Werben und Verkaufen. The Group's online holdings also include Reise.de, Wetter.com, Webnews, Autoplenum and Lovesearch.
Several interested parties have already come forward: In the past, the mobile phone company E-Plus, among others, was interested in Lokalisten.de. Axel Springer Verlag has taken a close look at Wer-weiss-was.de and Wetter.com, writes the Financial Times in its article. The only portal the TV group is reportedly determined to hold on to is Myvideo. The service is ideal for additionally evaluating TV formats on the web or advertising TV programs.
The Munich-based TV group Pro Sieben Sat.1 is largely owned by the financial investor groups KKR and Permira and has had high debts since the purchase of the SBS broadcasting chain a year and a half ago. In order to reduce the debt burden, the company is examining possible sales across all divisions.
A Group spokesperson is quoted as saying that the Group could imagine divesting itself of areas outside its core business if it could get a good price for them. ProSiebenSat.1 Executive Board member Marcus Englert has denied a sale of Lokalisten.de. "We would only sell non-core portals if a positive return could be achieved," he told the industry service Werben und Verkaufen. The Group's online holdings also include Reise.de, Wetter.com, Webnews, Autoplenum and Lovesearch.
Several interested parties have already come forward: In the past, the mobile phone company E-Plus, among others, was interested in Lokalisten.de. Axel Springer Verlag has taken a close look at Wer-weiss-was.de and Wetter.com, writes the Financial Times in its article. The only portal the TV group is reportedly determined to hold on to is Myvideo. The service is ideal for additionally evaluating TV formats on the web or advertising TV programs.
The Munich-based TV group Pro Sieben Sat.1 is largely owned by the financial investor groups KKR and Permira and has had high debts since the purchase of the SBS broadcasting chain a year and a half ago. In order to reduce the debt burden, the company is examining possible sales across all divisions.
