MediaForEurope (MFE) is one of three known bidders for the Polish commercial channel TVN.
It’s estimated that the Warner Bros Discovery channel could fetch over $1 billion.
The other bidders, first revealed by Reuters, include the Polish businessman, Michal Solowow. His other financial interests range from chemicals to energy.
MFE, which is controlled by the Berlusconi family, is only looking to purchase the free-to-air business. The TVN Group also includes the 24-hour news channels TVN24 and TVN24BiS, giving Polish authorities a headache, amid concerns over interference in May’s General Elections.
WP Holding, is also reported to have made a joint bid with the had submitted its offer in consortium with another entity that could be associated with the chief executive of parcel locker service InPost, though its chief executive Rafal Brzoska denies the company is involved.
In December, TVN was one of several media and telecommunication firms added to its list of strategic companies, meaning that a takeover would not be possible without government consent.
