ProSieben Strikes Digital Assets Deal With General Atlantic Germany’s ProSiebenSat.1 Media has agreed a deal to buy the minority stakes of U.S.
-based private investor General Atlantic in dating platform ParshipMeet and digital firm NuCom Group (excluding perfume e-retailer Flaconi). The agreement does not include include a convertible bond that would have given General Atlantic a 10% share in ProSieben. What it does comprise is ProSieben paying €10M ($10.
8M) in cash and nearly six million treasury shares at a market value of €38M, and a fixed exit agreement of €50M when ProSieben sells ParshipMeet as expected, along with e-commerce platform Verivox and other digital holdings as it doubles down on its core broadcasting and content business. However, General Atlantic does gain 2.5% in ProSieben.
The ownership of ProSieben continues to be a major talking point in European TV, with lead shareholder MediaForEurope and Czech investor PPF both pushing for change. Related Stories See-Saw Films Acquired By Mediawan Mediawan's Montreal 'Miraculous' & 'The Little Prince' Production Studio ON Animation Closes As Tax Credit Squeeze Bites Studio DHL & Paradiso Buy Miyazaki Doc Watch on Deadline Miyazaki, Spirit of Nature , which explores Academy Award winner Hayao Miyazaki’s connection to nature, has landed sales with a trio of theatrical distributors. Studio DHL in Korea and Paradiso in the Benelux region have been confirmed as buyers, with a third in Italy remaining unnamed for.
