ProSiebenSat.1 sells travel site weg.de to lastminute.com
21/12/2017 08:27
FRANKFURT, Dec 21 (Reuters) - German broadcaster
ProSiebenSat.1 PSMGn.DE is selling its travel booking website
weg.de to Switzerland-listed lastminute.com LMN.S as part of a
strategic review of its online travel businesses, the two
companies said on Thursday.
Lastminute.com will pay 12 million euros ($14.3 million) in
cash for Comvel GmbH, the unit that owns weg.de, lastminute.com
said in a statement.
ProSiebenSat.1 sold online travel agency Etraveli, with an
enterprise value of 508 million euros, to CVC Capital Partners
CVC.UL earlier this year and had said it also wanted to divest
online travel platforms weg.de and Tropo.
($1 = 0.8422 euros)
(Reporting by Maria Sheahan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: PROSIEBEN MEDIA DIVESTITURE/LASTMINUTE.COM