Reuters – ProSieben Expecting Two Bids for Nordic TV Channels

ProSiebenSat.1 is expecting two bids for its Nordic TV channels, valued at more than 1 billion euros ($1.3 billion), Reuters reported, citing five people familiar with the situation said. Rival TV group Discovery Communications and private equity group Providence Equity Partners are expected to table bids for ProSieben’s Scandinavian assets, including Sweden’s Kanal 9, Norway’s TV Norge, and Kanal 4 in Denmark, the people said.

(Reuters) – ProSiebenSat.1 is expecting two bids for its Nordic TV channels, valued at more than 1 billion euros ($1.3 billion), five people familiar with the situation said.

Rival TV group Discovery Communications and private equity group Providence Equity Partners are expected to table bids for ProSieben’s Scandinavian assets, including Sweden’s Kanal 9, Norway’s TV Norge, and Kanal 4 in Denmark, the people said.

Bids are due on Friday, with ProSieben seeking about 1.3 billion euros for the business, the people added.

Private equity house Nordic Capital is keen on the business but is uncertain to table a final bid since its bidding partner, Swedish media group Bonnier, pulled out, one of the people said.

Related Posts

Leave a Reply

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget