Reported 1 day ago
The supervisory board of Germany's ProSiebenSat.1 is scheduled to meet to deliberate on a deal that may grant U.S. private equity firm General Atlantic a minority stake in the broadcaster. General Atlantic co-invests in ProSieben's internet units, which ProSieben plans to acquire, thus eliminating current sales obstacles. The company is also exploring options to bypass a shareholder vote for issuing necessary shares for the deal, which could dilute existing shareholders' stakes.
Source: YAHOO