Cartel office eyes ProSieben deal

Roxborough, Scott
August 2005
Hollywood Reporter -- International Edition;8/9/2005, Vol. 390 Issue 20, p6
This article reports that Germany's competition watchdogs said on Monday that they were looking for signs of an illegal move towards a media monopoly in German publisher Axel Springer AG's multibillion dollar buyout of Haim Saban's majority stake in Teutonic broadcaster ProSiebenSat.1 Media AG. The Springer-Saban deal, announced on Friday, will see Springer pay a total of up to $5.1 billion to acquire full control of ProSiebenSat., the German broadcaster whose five free-to-air channels represent about 20% of the local market. If the deal gets the green light from media authorities, it will, in effect, split the German television market in two, with one entity being the Springer-controlled ProSieben group and the other being ProSieben competitor the RTL Group, owned by media giant Bertelsmann.


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