REUTERS – ProSiebenSat.1 shares dropped sharply after the company announced it's in talks to buy back General Atlantic's minority stake in NuCom Group, which owns several digital businesses, including ParshipMeet Group. This would give ProSieben full ownership of ParshipMeet and other NuCom assets while Verivox (a price comparison site) and Flaconi (a perfume retailer) are still being prepared for sale. Investors reacted negatively because they expected ProSieben to sell off non-TV businesses and not buy more of them. This follows pressure from its biggest shareholders, Italy's MFE-MediaForEurope and Czech group PPF, to focus only on its core broadcasting business.
by Isabel Demetz & Klaus Lauer
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