German media company ProSiebenSat.1 is exploring a potential deal to buy into Sky’s pay-TV operations in Germany.
This is reported by Reuters, quoting two sources close to the matter. Sky parent company Comcast is working with advisory firm PJT Partners as it is weighing a disposal of the German business, the sources said.
Deliberations are still ongoing and there is no certainty any deal will go through, according to the report. One of the sources said there were limited synergies between the two businesses, given that ProSiebenSat.1’s TV business was driven by advertising.
The first rumours about a possible sale of Sky Deutschland emerged in late October 2022, suggesting that the pay-TV broadcaster could be valued at around €1 billion.