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Germany: Media Giants ProSiebenSat.1, Axel Springer end merger talks

By  |  July 30, 2015

The proposed mega merger between German TV giant ProsiebenSat and leading print group Axel Springer is off after talks between the two companies broke down. It is believed that concerns over anti-competition regulations were a factor. The deal, which would have been worth up to $16 billion, would have seen a daunting multi-media titan emerge.

Worth over $10 billion, ProSiebenSat has a 28.9% share of Germany’s free-TV market. Axel Springer, worth more than $5 billion, owns the country’s bestselling daily Bild. Last year, Springer acquired news channel N24 from ProSieben.

Full content: The Wall Street Journal

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