COLOGNE, Germany -- Expect first-class flights into Munich's Franz Josef Strauss airport to fill up fast this week as Haim Saban and German publisher Axel Springer negotiate with the world's top media companies and investment banks to try and sell off Pro7, Germany's most profitable television channel. Springer said last week that it would be willing to sell off Pro7 if German media authorities approved its even bigger deal to buy Pro7 parent company ProSiebenSat.1 from an investment group fronted by Saban. Germany's Cartel Office, which threatened to torpedo the deal, agreed to it but only if Springer sells off Pro7 before the ProSiebenSat.1 takeover goes through. Germany's other primary media authority, the KEK, also said it will drop its opposition to the Springer-ProSieben deal if Pro7 is sold to a third party.
- 1/13/2006
- The Hollywood Reporter - Movie News
COLOGNE, Germany -- Expect first-class flights into Munich's Franz Josef Strauss airport to fill up fast this week as Haim Saban and German publisher Axel Springer negotiate with the world's top media companies and investment banks to try and sell off Pro7, Germany's most profitable television channel. Springer said last week that it would be willing to sell off Pro7 if German media authorities approved its even bigger deal to buy Pro7 parent company ProSiebenSat.1 from an investment group fronted by Saban. Germany's Cartel Office, which threatened to torpedo the deal, agreed to it but only if Springer sells off Pro7 before the ProSiebenSat.1 takeover goes through. Germany's other primary media authority, the KEK, also said it will drop its opposition to the Springer-ProSieben deal if Pro7 is sold to a third party.
- 1/13/2006
- The Hollywood Reporter - Movie News
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