Overview
- Both companies confirmed the transaction, which remains subject to approval by competition authorities.
- The sale is structured as an asset deal that will transfer the portal’s workforce, reported at about 100 employees, to Funke.
- Financial terms were not disclosed, though one report cites a mid double-digit million-euro price.
- ProSiebenSat.1 plans to use proceeds to strengthen its financial base, with reporting indicating debt reduction as a priority.
- Funke calls the acquisition a major milestone for its digital business, adding a leading DACH weather brand active across roughly 15 European markets.