WARSAW (Reuters) – Polish businessman Michal Solowow has made an offer to buy local broadcaster TVN from Warner Bros Discovery Inc, according to his MS Galleon fund, while media group WP Holding has also made a bid, a source familiar with the matter said.
Reuters reported in December that Warner Bros Discovery was working with advisers at JPMorgan on the sale of TVN.
“At the invitation of JPMorgan and WBD, we submitted a non-binding offer, considering that this is the type of transaction to which we should respond positively,” said Maciej Gorzelinski, from the MS Galleon fund.
WP Holding press officer Michal Siegieda said it did not comment on M&A-related topics.
Warner Bros Discovery Poland had no immediate comment.
The Polish government said in December it had decided to add several media and telecommunication firms, including TVN, to its list of strategic companies. This means that a takeover of these companies will not be possible without the government’s consent, the country’s prime minister said.
Poland’s Radio Zet reported that WP Holding had submitted its offer in consortium with another entity that could be associated with the chief executive of parcel locker firm InPost, Rafal Brzoska.
Brzoska told Bloomberg in an interview published on Monday that he was not interested in buying TVN.
Reuters was not immediately able to reach Brzoska for comment on Wednesday.
(Reporting by Anna Koper, Barbara Erling, Alan Charlish. Editing by Emelia Sithole-Matarise and Mark Potter)
Comments