ProSiebenSat.1, a Munich-based German broadcaster, has acquired Swedish online travel agency Etraveli Holding AB for Euro235million ($267mn) from private equity (PE) firm Segulah IV LP. The acquisition deal for ProSiebenSat.1 is its biggest investment in the global e-Commerce. The German broadcaster will expand its digital operations globally following the acquisition. ProSiebenSat.1 is planning to expand beyond TV business.
Mathias Hedlund
Breaking News
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Murdoch Empire Family Feud Could Upend the Media Industry, Possibly End Fox News