ProSiebenSAT1 to be sold to investors KKR & Permira - Techwatch Support Forums: Digital & Satellite TV, FTA, Cable, Computers, Mobile Phones, Apple and General Tech Forums

BGonaSTICK · 15-12-06, 11:51 AM

ProSiebenSAT1, one of Germany’s biggest free-to-air broadcasters, is to be sold to private equity groups Kohlberg Kravis Roberts (KKR) and Permira, industry sources said today. The final sale agreement was “now merely a formality,” the sources said.

ProSiebenSAT1’s current shareholders, a group of investors around the US-Israeli billionaire Haim Saban, had agreed in principle to accept the bid by KKR and Permira. All that was needed now were the final signatures. The sale price is expected to be more than three billion euros ($4 billion).

Also in the running for ProSiebenSAT1 had been Turkish radio and television group Dogan and a consortium comprising Apax and Goldman Sachs. Haim Saban first tried to sell ProSiebenSAT1 to newspaper publisher Axel Springer at the beginning of this year. But the deal was blocked by competition authorities.

Source: AFP

SAT-WORLD · 15-12-06, 04:48 PM

Is it likely to remain fta?,is the burning question on everyone's lips.

15-12-06, 11:51 AM	#1 (permalink)
BGonaSTICK Dodgy Geezer Join Date: Nov 2005 Location: Brighton Posts: 9,718 Thanks: 3 Thanked 163 Times in 57 Posts	ProSiebenSAT1 to be sold to investors KKR & Permira ProSiebenSAT1, one of Germany’s biggest free-to-air broadcasters, is to be sold to private equity groups Kohlberg Kravis Roberts (KKR) and Permira, industry sources said today. The final sale agreement was “now merely a formality,” the sources said. ProSiebenSAT1’s current shareholders, a group of investors around the US-Israeli billionaire Haim Saban, had agreed in principle to accept the bid by KKR and Permira. All that was needed now were the final signatures. The sale price is expected to be more than three billion euros ($4 billion). Also in the running for ProSiebenSAT1 had been Turkish radio and television group Dogan and a consortium comprising Apax and Goldman Sachs. Haim Saban first tried to sell ProSiebenSAT1 to newspaper publisher Axel Springer at the beginning of this year. But the deal was blocked by competition authorities. Source: AFP __________________ Dreambox 7000, Skystar2 PCI, Skystar USB, Fibo 90cm on Moteck SG2100, Triax TD110 multi-LNB. Sky + ART cards. 45.0°E - 58.0°W

15-12-06, 04:48 PM	#2 (permalink)
SAT-WORLD Senior Member Join Date: May 2006 Posts: 3,656 Thanks: 19 Thanked 246 Times in 215 Posts	Re: ProSiebenSAT1 to be sold to investors KKR & Permira Is it likely to remain fta?,is the burning question on everyone's lips.