Bidders circle Poland’s TVN
December 5, 2014
By Chris Forrester
Poland’s TVN should be in the hands of new owners by early January, according to local reports. Current owners ITI Group and Canal Plus are looking to sell their entire 53 per cent stake in the business.
TVN CEO Markus Tellenbach is quoted as saying that the broadcaster has 10-12 interested parties in the line up of potential bidders, and specifically mentions Time Warner and Discovery Communications. The 53 per cent stake in the broadcaster has reportedly been valued at some $2.3 billion.
A second round of bidding is expected to start on December 8th, and it is hoped that the new owner would be in place during the early New Year.
TVN has been on air since 1997, and is now the leading Polish commercial network. It also transmits a number of thematic channels.