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ProSiebenSat.1 examines strategic options for online travel unit
February 23, 2017 / 8:12 AM / 9 months ago

ProSiebenSat.1 examines strategic options for online travel unit

FRANKFURT, Feb 23 (Reuters) - German broadcaster ProSiebenSat.1 said on Thursday it was looking into where to go with it travel business, which the company said operates in a very competitive market.

“ProSiebenSat.1 is currently examining various strategic options for the commerce vertical Online Travel,” the company said in its annual results statement, without providing more details.

A ProSiebenSat.1 spokesman declined to elaborate.

The broadcaster’s travel business, which includes Internet portals such as etraveli, mydays and weg.de, grew 75 percent to 316 million euros ($333.54 million) in 2016, accounting for more than a third of the group’s digital external revenues.

$1 = 0.9474 euros Reporting by Harro ten Wolde and Joern Poltz; Editing by Maria Sheahan

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