Ad hoc Publication pursuant to Sec. 15 German Securities Trading Act (WpHG): ProSiebenSat.1 Group sells Pay-TV company C More to Swedish TV4
Munich, June 16, 2008. ProSiebenSat.1 Group is to sell the C More Group AB to Swedish broadcaster TV4. The respective share purchase agreement was signed today. C More Group AB is the holding company for the Pay-TV activities of the ProSiebenSat.1 Group in Denmark, Finland, Norway and Sweden. The buyer, TV4 AB, is part of the Swedish Bonnier Group. The enterprise value underlying the transaction amounts to ca. SEK 3 billion. This corresponds to approximately EUR 320 million. The closing of the transaction is subject to approval by antitrust authorities. Contact:
Julian Geist
Head of
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Ph. +49 [89] 95 07-1151
Fax +49 [89] 95 07-1184
email:
Julian.Geist@ProSiebenSat1.com
Press release online:
www.ProSiebenSat1.com
Viewers are increasingly consuming video content digitally, but high-quality marketing environments in the streaming space have so far been few and far between.
Successful premiere: Since September 30, ProSiebenSat.1 has been broadcasting its news from one of Europe's most modern news studios.
Influencers are some of the most compelling brand ambassadors of our time. Studio71 boasts one of the world’s largest rosters of the most popular social media stars with the broadest reach.