Modern Times Among Final Bidders for ProSiebenSat.1

Sweden-based broadcaster Modern Times Group is among the three remaining bidders for ProSiebenSat.1's assets in Scandinavia, Reuters reported, citing an article in the Swedish trade journal Resume. ProSiebenSat.1 is owned by private equity firms Kohlberg Kravis Roberts & Co. and Permira. According to Reuters, the biggest sticking point on a potential deal is price: ProSiebenSat.1 is reportedly asking for 12 billion Swedish crowns ($1.9 billion) for the assets.

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