Deals
Ctrip, Blackstone Said to Mull Bids for ProSieben Travel Arm
- German media giant attracts interest for Etraveli business
- Etraveli could fetch as much as 500 million euros in sale
This article is for subscribers only.
Ctrip.com International Ltd., the biggest Chinese trip-booking website, is among suitors weighing bids for German media giant ProSiebenSat.1 Media SE’s online travel business, according to people with knowledge of the matter.
Buyout firms including Blackstone Group LP are also considering offers for ProSiebenSat.1’s Etraveli AB unit, the people said, asking not to be identified as the discussions are private. The Uppsala, Sweden-based business could fetch as much as 500 million euros ($544 million) in a sale, according to one of the people.