German media company Axel Springer acquired a 25.1 per cent stake in the Polish commercial broadcast group Polsat in a deal worth €250 million.
Polsat operates a commercial free-to-air channel and two sports channels. The price of the deal could increase by a further €50 million.
Pan-European media investors including CME, RTL, News Corp. and MTG were also interested in buying into Polsat. Axel Springer last month secured a 25 per cent stake in Turkey’s Dogan TV for €375 million.
 |
 |
 |
 |
 |
 |
Request a FREE trial copy of SportBusiness International Magazine today
"Covering all aspects of the business and offering each month valuable insights into specific geographic regions, SportBusiness International is a must-read for anyone working in our industry"
Philippe Blatter, President and CEO, Infront Sports & Media
Request your FREE copy today - simply click here.
