German panel questioning ProSieben sale

Roxborough, Scott; Szalai, Georg
November 2005
Hollywood Reporter -- International Edition;11/29/2005, Vol. 392 Issue 1, p18
This article reports that Haim Saban and his private equity hackers could be left holding on to German broadcaster ProSiebenSat 1 if the country's media authorities reject Saban's proposed $2.9 billion sale of the group to German publisher Axel Springer AG. Germany's Commission on Concentration in the Media met on Monday with representatives of Springer and ProSieben. Sources close to Springer said on Monday that if the takeover is rejected, Springer is not obligated to pay off Saban and his financial partners, which include private equity groups Hellman & Friedman and Quadrangle.


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