Takeover by United Internet apparently collapsed
A few months ago it became known that the US company Comcast would like to sell the channel Sky Germany. However, interested party United Internet now appears to be withdrawing from the negotiations.
Some time ago it became known that Comcast would like to sell the pay-TV channel Sky Germany. However, this seems to be more difficult than expected.
media reports according to United Internet planned to take over the group. Now the 1&1 operator seems to be withdrawing from the contract negotiations.
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Sky Germany is too expensive
A report by Medien-Magazin clap According to reports, the negotiations between United Internet and Sky Germany have diverged more and more over the past few weeks. The information comes from insider circles.
The reason for the withdrawal: the purchase price demanded by Comcast was too high for the managers in Montabaur. According to DWDL.de previously talked about a valuation of around one billion US dollars.
Next prospect Canal+
how clap However, as already reported last December, it is not only United Internet that is interested in taking over Sky Germany. The French pay-TV channel Canal + also seems to have kept an eye on the group.
The interest in this is not surprising. About 30 years ago, the French were among the initiators of Sky’s predecessor.
Lower sales in Germany
Reported in October 2022 Bloomberg for the first time about the planned sale of Sky Germany. As a result, the broadcaster weighed on Comcast’s European business in the last quarter of 2022.
The US company acquired the German pay-TV broadcaster as part of its $39 billion purchase of UK broadcaster Sky in 2018. Over time, however, the group has seen lower sales in Germany and Italy.
competition from other offers
In addition, Sky Deutschland has repeatedly faced competition from offers from other broadcasters in recent years – for example from DAZN.
The streamer had obtained the rights to broadcast German Bundesliga football matches and some UEFA Champions League matches in Germany. According to media analysts, this had a negative impact on subscriptions, among other things.
Is Comcast Sky Germany pulling the plug?
The question remains what happens if Comcast cannot agree with any of the interested parties. If business doesn’t recover, the US company could consider exiting Sky in Germany altogether.
However, that is difficult to assess. All of the players involved in the negotiations remain silent about their plans.
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