TV

Reports: ProSieben private equity owners looking to exit

According to numerous reports, the private equity owners of German media group ProSiebenSat.1 have retained JP Morgan to look into possibilities for a partial or full exit.
February 4, 2013

According to numerous reports, the private equity owners of German media group ProSiebenSat.1 have retained JP Morgan to look into exit possibilities.

The firms KKR and Permira bought a majority stake in the company in 2006. Sources have told the Financial TimesĀ  and Reuters that the firms are keen to explore options for either a partial or full exit.

In December, it was announced that Discovery Communications was going to purchase ProSieben’s SBS Nordic operations for approximately US$1.7 billion – a deal that sees the U.S.-headquartered non-fiction giant take control of 12 television networks in Norway, Sweden, Denmark and Finland, among other assets.

That deal is expected to close during this quarter.

Sources have told the Financial Times that potential buyers may include News Corp., Time Warner and Comcast, among others.

Thus far, ProSiebenSat.1 and representatives for KKR and Permira have declined comment.

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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