Germany's ProSiebenSat 1 may sell unit

May 1, 2007 at 8:24 PM

BERLIN, May 1 (UPI) -- At least three suitors apparently have lined up to snatch the TV production division of the German TV powerhouse ProSiebenSat 1.

Variety reported Tuesday that among those interested are Thomson, IBM and Siemens. The newspaper said ProSiebenSat 1 officials declined to comment on the matter, which surfaced in the German magazine Der Spiegel on Monday.

The private equity companies Kohlberg Kravis Roberts and Permira acquired the broadcasting group from a German group less than a year ago.

The TV production unit has about 1,000 employees, or about one-third of the company's total workforce.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Sherri Shepherd to pay $4K per month for her disavowed child
Jessa Duggar posts baby bump selfie at 22 weeks
Tiger Woods denies affair with Amanda Boyd
Tamera Mowry, Adam Housley welcome baby girl
Maci Bookout shares first photos of daughter Jayde