Germany's Axel Springer in talks to buy stake in Poland's largest broadcaster

Axel Springer AG, publisher of Germany's top-selling Bild newspaper, said Thursday it is in talks to buy a 25.1 percent stake in Polish television broadcaster Polsat for about €250 million (US$323 million).

Buying the stake in Polsat, or Telewizja POLSAT Spolka Akcyjna, would add to the Berlin-based publisher's print business in Poland, where Polsat is the No. 2 newspaper publisher by circulation, with dailies including Fakt and Dziennik.

The move to acquire Polsat comes days after Springer announced it would buy a 25 percent stake in Dogan TV, Turkey's largest television and broadcasting company, for €375 million (US$485 million), as part of its expansion into emerging markets.

Earlier this year, Germany's antitrust regulators blocked Axel Springer's planned takeover of German TV broadcaster ProSiebenSat.
Source:iht.com