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ProSieben shares surge on report it is nearing a deal with General Atlantic

Published 17/03/2025, 10:20
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Investing.com -- Shares of ProSieben, a German media company, rose as much as 4.9% Monday, marking the highest intraday since July.

The company is on the brink of finalizing a deal with General Atlantic, according to Bloomberg News.

The agreement would give the private equity firm up to a 10% stake in ProSieben via a convertible bond, in return for General Atlantic’s minority holdings in NuCom and ParshipMeet.

This deal could potentially be a complex strategy for ProSieben to eventually divest itself from these two non-core businesses. However, the company’s shareholders might face dilution due to the possible issuance of up to 10% new shares.

This issuance is intended to back a mandatory convertible bond to finance the deal.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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