35 interested parties want Süddeutsche Zeitung
The Süddeutsche Zeitung publishing house is up for sale. Thirty-five prospective buyers are vying for the company. The future majority shareholder must agree to a purchase price of one billion euros and contractually commit to continuing to invest in the publishing house.
The publishing house of Süddeutsche Zeitung is up for sale. There are 35 interested parties vying for the publishing house, including newspaper groups such as Holtzbrinck, the WAZ Group and Madsack as well as a large number of financial investors. The mandated bank Credit Suisse is currently sounding out offers from 22 potential buyers for the shares of the four owner families willing to sell, who together hold 62.5 percent. If the sales negotiations go according to plan, the deal could be completed by the fall. According to Spiegel, the sellers' circles say that the future major shareholder must not only accept a purchase price of one billion euros, but must also contractually commit to continuing to invest in the Süddeutsche Zeitung publishing house. There are plans for a Sunday newspaper and an expansion of the online portal.
