Discovery mulls SBS Netherlands move

John de Mol

John de Mol

Discovery is understood to be considering a move for the SBS free-to-air broadcast business in the Netherlands.

Reports surfaced in the Netherlands last week, suggesting that US-listed Discovery has contacted the SBS shareholders Sanoma and Talpa about a possible deal.

Talpa founder John de Mol told De Telegraaf that Discovery is interested in a deal. It is not clear whether, should an SBS deal move forward, Discovery would take Sanoma’s 66% as well as Talpa’s 33% with de Mol considered a reluctant seller based on his comments in the local press. De Mol unsuccessfully moved for Sanoma’s stake in SBS last year.

SBS controls the SBS 6, Net 5 and Veronica channels in the Netherlands.

Discovery said it does not comment on market rumours.

It is understood any move for SBS by US company is still at early stages, but is being considered.

Discovery acquired the SBS Nordic operations from ProSiebenSat.1 in late 2012 for US$1.7 billion, giving it a significant free-TV footprint Norway, Sweden, Denmark and Finland.

The Dutch and Belgian SBS channels had already been separated from the Nordic operations with Sanoma-led consortium buying the channels from ProSiebenSat.1 in a €1.225 billion deal in 2011.