ProSiebenSat.1 will not be sold for the time being
The investor consortium led by media entrepreneur Haim Saban has changed its mind and no longer intends to sell the ProSiebenSat.1 television group.
The investor consortium around the
Israeli-American media entrepreneur Haim Saban wants to
TV group ProSiebenSat.1 no longer sells. Despite the large
interest from a third party, Haim Saban decided to take over the
SDA reports that the sale process will no longer be pursued. The
The company is developing extremely well. The sale of the
ProSiebenSat.1's Saban shares to Springer was canceled at the beginning of February due to
failed due to resistance from the competition authorities. After that
the sale of the Group with the stations Sat.1, ProSieben, Kabel eins,
N24 and 9Live to a foreign company. To the
possible candidates included, among others, the French
television group TF1 and Luxembourg's SBS. According to the Frankfurter Allgemeine Zeitung, industry experts agree that Saben is only playing for time. He could use the coming weeks and months to further polish ProSiebenSat.1, for example through an alliance with the struggling pay-TV channel Premiere. Analysts see the termination of the sales talks as a tactical move. The investor consortium had acquired the 88 percent majority in ProSiebenSat.1 in 2003 in the wake of the Kirch bankruptcy. They had paid EUR 7.50 per share for the first tranche of shares. Last week, ProSiebenSat.1 published its business figures for the past year, which the broadcasting group improved with a revenue increase of 8.4 percent to EUR 1.99 billion compared to EUR 1.835 billion in the previous year. According to the company, revenues increased primarily due to a strong final quarter. The ProSiebenSat.1 share climbed to EUR 20.96 last Friday compared to EUR 16.35 in December. The company plans to announce detailed information on the business situation on February 21.
Israeli-American media entrepreneur Haim Saban wants to
TV group ProSiebenSat.1 no longer sells. Despite the large
interest from a third party, Haim Saban decided to take over the
SDA reports that the sale process will no longer be pursued. The
The company is developing extremely well. The sale of the
ProSiebenSat.1's Saban shares to Springer was canceled at the beginning of February due to
failed due to resistance from the competition authorities. After that
the sale of the Group with the stations Sat.1, ProSieben, Kabel eins,
N24 and 9Live to a foreign company. To the
possible candidates included, among others, the French
television group TF1 and Luxembourg's SBS. According to the Frankfurter Allgemeine Zeitung, industry experts agree that Saben is only playing for time. He could use the coming weeks and months to further polish ProSiebenSat.1, for example through an alliance with the struggling pay-TV channel Premiere. Analysts see the termination of the sales talks as a tactical move. The investor consortium had acquired the 88 percent majority in ProSiebenSat.1 in 2003 in the wake of the Kirch bankruptcy. They had paid EUR 7.50 per share for the first tranche of shares. Last week, ProSiebenSat.1 published its business figures for the past year, which the broadcasting group improved with a revenue increase of 8.4 percent to EUR 1.99 billion compared to EUR 1.835 billion in the previous year. According to the company, revenues increased primarily due to a strong final quarter. The ProSiebenSat.1 share climbed to EUR 20.96 last Friday compared to EUR 16.35 in December. The company plans to announce detailed information on the business situation on February 21.
