TF1 wants to help Springer
The German newspaper *Handelsblatt* reports that the French television group TF1 is interested in acquiring a minority stake in the ProSiebenSat.1 media group.
With the planned takeover of
ProSiebenSat.1 is apparently able to compete with the Axel Springer newspaper group.
help from abroad. The French television group TF1 is
is interested in acquiring a minority stake in the broadcasting group,
reports the German Handelsblatt. "If the cartel office Springer
to find a partner for the takeover of ProSiebenSat.1.
we would be interested in such participation. The
is one of the scenarios we are looking at," the newspaper quotes a
Insider. However, TF1 did not want to make any official comment on the subject
to hand in. Springer was dismissive: "That is not on the agenda at the moment.
Debate." In Germany, TF 1 is represented by the special-interest channel Eurosport
present.
French interest in the German television market is nothing new.
In spring 2003, the Group had already
ProSiebenSat.1 majority shareholder Haim Saban on an investment in
Germany's largest television group is negotiating, according to the Handelsblatt
continue.
In May of last year, the German stock market once again recorded over
speculated about TF1 acquiring a stake in ProSiebenSat.1, according to Reuters.de
writes. TF1 had denied this at the time. In December, it signaled
the French broadcasting chain is once again interested in entering the
ProSiebenSat.1 if Springer is not allowed to take over the company.
According to Handelsblatt, TF1 boss Patrick Le Lay and Saban have known each other since
years. There is a close relationship between the two. Saban has been in
2003 on the Supervisory Board of TF 1.
ProSiebenSat.1 is apparently able to compete with the Axel Springer newspaper group.
help from abroad. The French television group TF1 is
is interested in acquiring a minority stake in the broadcasting group,
reports the German Handelsblatt. "If the cartel office Springer
to find a partner for the takeover of ProSiebenSat.1.
we would be interested in such participation. The
is one of the scenarios we are looking at," the newspaper quotes a
Insider. However, TF1 did not want to make any official comment on the subject
to hand in. Springer was dismissive: "That is not on the agenda at the moment.
Debate." In Germany, TF 1 is represented by the special-interest channel Eurosport
present.
French interest in the German television market is nothing new.
In spring 2003, the Group had already
ProSiebenSat.1 majority shareholder Haim Saban on an investment in
Germany's largest television group is negotiating, according to the Handelsblatt
continue.
In May of last year, the German stock market once again recorded over
speculated about TF1 acquiring a stake in ProSiebenSat.1, according to Reuters.de
writes. TF1 had denied this at the time. In December, it signaled
the French broadcasting chain is once again interested in entering the
ProSiebenSat.1 if Springer is not allowed to take over the company.
According to Handelsblatt, TF1 boss Patrick Le Lay and Saban have known each other since
years. There is a close relationship between the two. Saban has been in
2003 on the Supervisory Board of TF 1.
