TV Puls turns down PMPG approach

Polish broadcaster TV Puls has pulled out of talks with potential suitor Platforma Mediowa Point Group (PMPG).

Earlier this week PMPG confirmed its readiness to purchase a stake in TV Puls following a lengthy period of due diligence. However, TV Puls CEO Dariusz Dabski confirmed that the company was no longer interested in investment from the media group.

TV Puls’s shareholders, the Franciscan Order and Dabski, have been searching for a new investor since News Corp sold its stake last year. Last month, Dabski told local press the broadcaster was in talks with six potential suitors and would conclude a deal within weeks.