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Germany: Mega $16 billion media merger in works

By  |  July 7, 2015

Talk of a possible merger between German media giants ProSiebenSat.1 and Axel Springer have resurfaced. A previous takeover of the TV network by Europe’s biggest newspaper publisher was blocked by competition watchdog a decade ago.

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    A source told the Wall Street Journal that renewed talks are at an early stage.

    It’s believed that ProSeibenSat.1 – which runs Germany’s highest rated private TV channels – will emerge as the senior partner.

    The companies’ combined market capitalisation is about 14.4 billion. Last year a German court said the competition regulator had been wrong to block the previous takeover.

    Full content: The Wall Street Journal

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