July 6, 2015 23:17 clock

The Axel Springer headquarters in the Rudi-Dutschke- Straße in Berlin

The Axel Springer headquarters in the Rudi-Dutschke-Straße in Berlin | © Marc Tirl / dpa

The TV ProSiebenSat.1 stations and the publishing house Axel Springer apparently holding talks about a possible merger. These are still quite at the beginning, as the news agencies Bloomberg and Reuters report unanimously. We currently advise on a merger from which the television channel is to emerge as a major partner, also the Wall Street Journal also reported earlier on, citing people familiar with the matter. The negotiations could still fail, also had to be reckoned with various obstacles, such as a rigorous examination of the competition authorities.
‘/ p>’ p> The estimated market value of the two companies totals approximately EUR 14.4 billion. ProSiebenSat.1 is around EUR 9.7 billion and would, according to insiders, the the Wall Street Journal quoted the senior partner in the merger. The Springer Group is in the stock market is currently worth 4.7 billion euros. One opinion was to get more of any of the companies.

Axel Springer is Europe’s largest media company, the broadcasting group ProSiebenSat.1 in turn among the private channels the highest market share. The companies have already in 2005 held talks about a takeover. For five billion euros Axel Springer ProSieben wanted to take over. However, the Cartel Office and the Commission on Concentration in the Media (KEK) rejected the merger.

Last year, the Federal Administrative Court had, however, declared the refusal of CEC for not lawful and thus ten years after the judgment opens up new negotiations on a takeover.

The stock market responded positively to the rumors. Springer shares shot up in after-hours trading at Lang & amp; Black compared to the closing price in Xetra main business by eight percent upwards. The ProSiebenSat.1 papers rose by four percent.