ProSieben Is Set to Give General Atlantic up to 10% Stake
ProSiebenSat.1 Media SE is nearing a deal to give General Atlantic as much as 10% in the German media company through a convertible bond in exchange for the buyout firm's minority shareholdings in NuCom Group and ParshipMeet Group.
ProSieben's supervisory board is scheduled to approve the transaction as early as today, said the people, who asked not to be identified because discussions are private.
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