Following ProSiebenSat.1’s announcement of record annual results, Thursday, the European Commission delivered the expected icing on the cake. Allowing the German broadcasting group to be acquired by Kohlberg Kravis Roberts & Co. and Permira controlled Lavena Holding 4 GmbH. Also approving the subsequent merger with SBS Broadcasting. The EU launched its anti-trust investigation of the deal one month ago.
In December the investmentfunds agreed to acquire 50.5% of the broadcaster’s equity and an 88% voting interest, for 3.1 billion Euro, from Haim Saban controlled German Media Partners.
An all-cash public offer of 28.71 Euro per share to acquire the remaining publicly traded shares expires March 19.