LONDON Nov 29 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
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.