US financial investor General Atlantic has acquired a 25.1% stake in NuCom Group in which German media company ProSiebenSat.1 bundles its e-commerce activities.
German media company ProSiebenSat.1 has appointed Max Conze as its new CEO effective June 1, 2018.
US private equity company General Atlantic could acquire a minority stake in the digital business of German media group ProSiebenSat.1.
Thomas Ebeling, CEO of ProSiebenSat.1, will leave the German media company after the annual press conference for the fiscal year 2017 scheduled for February 22, 2018.
ProSiebenSat.1 wants to become less dependent on the volatile TV advertising market through further acquisitions.
German video-on-demand (VOD) service maxdome will remain in the red this year in contrary to earlier expectations by parent company ProSiebenSat.1.
Thomas Ebeling will continue to head German media company ProSiebenSat.1.
The ProSiebenSat.1 Media supervisory board has extended CEO Thomas Ebeling´s contract to 2017.