GERMANY – ProSiebenSat1 bidders down to three

Reports suggest that only three bidders remain in the race to acquire Germany’s largest commercial broadcaster ProSiebenSat1 after CVC is said to have dropped out. Remaining known bidders are the two consortiums comprising financial investors Permira and KKR on the one hand, as well as Goldman Sachs and Apax Partners on the other. Turkey’s largest media group Dogan is believed to be the third bidder.