TITLE

ProSieben turns to Milbank for sell-off

AUTHOR(S)
Begum, Husnara
PUB. DATE
April 2005
SOURCE
Lawyer;4/25/2005, Vol. 19 Issue 16, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the law firm Milbank Tweed Hadley & McCloy has landed the lead role on the sale of the listed German television broadcaster ProSiebenSat 1. The U.S. firm has teamed up with Hogan & Hartson to advise ProSieben on the potential sale of the company to Axel Springer AG. Hogan is believed to be advising ProSeiben on competition and regulatory issues. Axel Springer already holds a 12 per cent stake in the target company. According to reports, ProSieben's majority stakeholders are poised to open negotiations on the sale of their stake.
ACCESSION #
16918812

 

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