Time Warner, Vivendi Are Frontrunners For Polish TVN - Report
22 September 2011 - 5:04PM
Dow Jones News
Media firms Time Warner Inc. (TWX) and Vivendi (VIV.FR) are
frontrunners to win the auction for Polish broadcaster TVN SA
(TVN.WA), Polish daily Puls Biznesu reports, citing anonymous
sources.
Polish entertainment group ITI Holdings SA, which holds 56% of
TVN, said in July it was considering a possible sale of its entire
stake. It wasn't immediately available for comment.
Bertelsmann AS isn't among the potential buyers, accordign to
Puls Biznesu, but the daily added that private equity funds are
looking for strategic partners to jointly purchase TVN and then
divide up its various businesses.
In late August, Vivendi Chief Executive Jean-Bernard Levy said
the company is looking for small to medium-sized acquisitions to
boost its presence in emerging markets. He declined to comment on
suggestions the group may be interested in TVN. "We never comment
on any particular rumor," Levy said, but added the company is "very
attentive" to what is happening in Poland where it already has
operations.
Newspaper website: www.pb.pl
-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431;
marynia.kruk@dowjones.com
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