ProSiebenSat.1 Media
The company's TV channels, aimed at an age group of 14 to 49 years, had a market share of more than 30 percent and earned €1.8 billion in 2002, making a profit of €21 million.[15][16] In 2005, Axel Springer Verlag offered to buy the company for €3 billion, but this purchase was blocked by the Federal Cartel Office and the Commission on Concentration in the Media.[19] Haim Saban's shares were bought by Permira, a private equity company, and Kohlberg Kravis Roberts (KKR) for about €3 billion on 14 December 2006.[26] Upon the takeover of SBS by ProSiebenSat.1 in Summer 2007, KKR and Permira offered an option to the other owner, Telegraaf Media Groep (TMG), for 12 percent of the common stock if they renounce their right of pre-emption.[37] In mid-February 2013, the capital investors Permira and KKR started to sell all preferred shares in Lavena Holding 1, which amounted to 18 percent.The capital investors also decided with the Telegraaf Media Groep to sell their interest in tranches at the stock exchange.[39][40] On 19 August 2013, the ProSiebenSat.1 Media AG finished its initial public offering, resulting in only the previously unlisted common shares being listed on the MDAX since then.[41] On 4 and 6 September, Lavena Holding and Telegraaf Media Groep sold 17 percent of their shares to institutional investors.The same year, the adjusted group net income grew to €550 million and General Atlantic acquired a minority stake in the broadcaster's digital division.[46] To further expand its business sectors, ProSiebenSat.1 Media SE conducted a capital increase in November 2016 by issuing 14.2 million new shares at €36.25 each.[51] From 26 March 2020 to October 2022, Rainer Beaujean became the CEO of ProSiebenSat.1 Media SE, though he left the company "in agreement with the Supervisory Board" at his own request.[55] In December 2022, MFE informed the Austrian Federal Competition Authority of its intention to acquire "sole control of ProSiebenSat.1 Media SE", requesting a review of the planned acquisition.[56] The German Journalists Association, the trade union Ver.di, and Bavarian Premier Markus Söder warned against a takeover in December 2022.[69] In September 2010, Red Arrow Entertainment Group had announced that they have acquired a 51% majority stake in Los Angeles-based American production company Kinetic Content.[78][79] In July 2012, Red Arrow Entertainment Group had announced that their worldwide television distribution division SevenOne International had been renamed to Red Arrow International to reflect their parent company In February 2014, Red Arrow Entertainment Group announced that they have acquired a majority stake in Maryland-based American reality television production company Half Yard Productions to expand their American operations with their founders Abby Greensfelder and Sean Gallagher continuing to run the company as their co-CEOs.[80][81] The group includes Studio71, which was started in Berlin in September 2013 as a German-language multi-channel network by Sebastian Weil and Ronald Horstman and later acquired an American competitor, Collective Digital Studio.[82] In January 2017, Red Arrow Entertainment Group's digital multi-channel and production subsidiary Studio71 announced that they had sold its 30% stake to the French TF1 and Italian Mediaset networks and announced that Studio71 was expanding its business by setting up local operations in the two countries by launching a French division in France and an Italian division in Italy.[106] In June 2018, ProSiebenSat.1 Media SE and Discovery announced plans to create a streaming platform that would integrate the content from 7TV, Maxdome, and the Eurosport Player into one application.[107] After Maxdome relocated its headquarters from Unterföhring to TV7 in Munich,[108] it merged with the newly established 7TV Joint Venture GmbH on 15 January 2019.[131][132] In October 2018, NuCom bought eHarmony, an American dating website; it already held 94 percent of the similar German platform Parship.