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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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