ProSieben Digital Deal Paves Way For Sales; ‘Miyazaki, Spirit of Nature’ Theatrical Buyers; Mediawan Rights Exec Exits – Global Briefs
deadline.comProSieben 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. Studio DHL & Paradiso Buy Miyazaki Doc 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 now.
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