TITLE

Springer gives up ProSieben bid

AUTHOR(S)
Meza, Ed
PUB. DATE
February 2006
SOURCE
Daily Variety;2/2/2006, Vol. 290 Issue 24, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Axel Springer AG to withdrew its offer to acquire ProSiebenSat.1 Media AG in Germany. The company discloses that it has reached an agreement with the investment group to terminate the controversial buyout. Company CEO Mathias Doepfner claimed that one of their reasons is to protect the company's independence.
ACCESSION #
19644787

 

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