Springer: Ministerial approval has good chances
Despite the expected negative decision by the Federal Cartel Office on January 27, there are still chances for a takeover of ProSiebenSat.1.
Despite the expected negative
decision by the Federal Cartel Office on January 27, there are still opportunities
Springer's intention to take over ProSiebenSat.1.
leading politicians from the CDU/CSU and the SPD
Ministerial approval explored.
With the special permit, Springer could possibly be able to continue to operate despite a
expected veto by the Federal Cartel Office, his television plans
realize. The Head of the Bavarian State Chancellery, Eberhard Sinner,
According to information from the FAZ, Springer also sees good opportunities for
a special permit (ministerial authorization) by
Federal Minister of Economics Michael Glos (both CSU). Bavaria's Minister President Edmund Stoiber has also expressed his approval of a ministerial permit.
However, Springer has so far left open the question of whether the publisher will follow this path.
will take action. Both this possibility and a lawsuit
against the expected ban by the Cartel Office would be examined in court. A
Special authorization would only be possible anyway if the previous
owners of Pro Sieben Sat.1 around the American media entrepreneur
Haim Saban are prepared to accept the result of a ministerial authorization procedure
to wait. This is expected to take at least four months.
Saban's position is still unclear. Döpfner negotiated on Tuesday in
Berlin with the investor about how to proceed. The aim was
Springer was also able to ensure that Saban would be
interest on arrears, which, according to the purchase contract, will be waived from next week.
would be due. Nothing was initially disclosed about the course of the negotiations.
known.
decision by the Federal Cartel Office on January 27, there are still opportunities
Springer's intention to take over ProSiebenSat.1.
leading politicians from the CDU/CSU and the SPD
Ministerial approval explored.
With the special permit, Springer could possibly be able to continue to operate despite a
expected veto by the Federal Cartel Office, his television plans
realize. The Head of the Bavarian State Chancellery, Eberhard Sinner,
According to information from the FAZ, Springer also sees good opportunities for
a special permit (ministerial authorization) by
Federal Minister of Economics Michael Glos (both CSU). Bavaria's Minister President Edmund Stoiber has also expressed his approval of a ministerial permit.
However, Springer has so far left open the question of whether the publisher will follow this path.
will take action. Both this possibility and a lawsuit
against the expected ban by the Cartel Office would be examined in court. A
Special authorization would only be possible anyway if the previous
owners of Pro Sieben Sat.1 around the American media entrepreneur
Haim Saban are prepared to accept the result of a ministerial authorization procedure
to wait. This is expected to take at least four months.
Saban's position is still unclear. Döpfner negotiated on Tuesday in
Berlin with the investor about how to proceed. The aim was
Springer was also able to ensure that Saban would be
interest on arrears, which, according to the purchase contract, will be waived from next week.
would be due. Nothing was initially disclosed about the course of the negotiations.
known.
