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KarstadtQuelle in talks to acquire TV channel Home Shopping Europe - report


Published : Wed, 21 Mar 2007 11:13
By : Agencies
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FRANKFURT (AFX) - KarstadtQuelle AG is in talks to acquire TV channel Home Shopping Europe (HSE) for a low three-digit million eur sum, Frankfurter Allgemeine Zeitung reported, citing industry sources.

Besides Karstadt, several financial investors have signalled their interest but HSE parent Interactive Corp is currently negotiating exclusively with the German retailer, the report said.

It added Karstadt has already performed a due diligence assessment.

KarstadtQuelle and HSE declined to comment, the report said.

judith.csaba@thomson.com

jcs/ms1

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