Prosiebensat 1 Media SE (PSMGn.DE)
Thu, Feb 22 2018
MUNICH/BONN ProSiebenSat.1 Media SE has agreed to sell a stake in its e-commerce business to U.S. investment firm General Atlantic as it seeks to finance a shift away from its legacy free-to-air TV business and expand its eclectic digital portfolio.
* Q4 results beat consensus (Adds CFO comment on price for stake, liquidity)
BRIEF-Prosiebensat 1 Media SE CFO Says General Atlantic Paid Around 300 Million EUR For Stake In Nucom
* CFO SAYS GENERAL ATLANTIC PAID AROUND 300 MILLION EUR FOR STAKE IN NUCOM
FRANKFURT, Feb 22 ProSiebenSat.1 Media SE agreed to sell a 25.1 percent stake in its digital business to private equity firm General Atlantic in a deal giving unit NuCom an enterprise value of 1.8 billion euros ($2.21 billion), ProSieben said on Thursday.
* German broadcaster publishes Q4 results on Thursday (Adds background on Conze; Albert to serve as interim CEO)
MUNICH, Feb 21 German broadcaster ProSiebenSat.1 Media said on Wednesday it had hired Max Conze, the former head of British home appliances maker Dyson, as the successor to departing CEO Thomas Ebeling.
MUNICH/FRANKFURT ProSiebenSat.1 Media SE is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital business, two people with direct knowledge of the matter said on Monday.
MUNICH/FRANKFURT, Feb 19 ProSiebenSat.1 Media SE is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital business, two people with direct knowledge of the matter said on Monday.
Feb 2 Prosiebensat 1 Media SE, Dicovery Networks Deutschland:
* Conrad Albert has been general counsel since 2006 (Adds background)