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Warner Bros Discovery gets at least two bids for Polish broadcaster TVN
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Warner Bros Discovery gets at least two bids for Polish broadcaster TVN
Jan 29, 2025 7:35 AM

WARSAW, Jan 29 (Reuters) - Polish businessman Michal

Solowow has made an offer to buy local broadcaster TVN from

Warner Bros Discovery Inc ( WBD ), according to his MS Galleon

fund, while media group WP Holding has also made a bid, a source

familiar with the matter said.

Reuters reported in December that Warner Bros Discovery ( WBD ) was

working with advisers at JPMorgan ( JPM ) on the sale of TVN.

"At the invitation of JPMorgan ( JPM ) and WBD, we submitted a

non-binding offer, considering that this is the type of

transaction to which we should respond positively," said Maciej

Gorzelinski, from the MS Galleon fund.

WP Holding press officer Michal Siegieda said it did not

comment on M&A-related topics.

Warner Bros Discovery Poland had no immediate comment.

The Polish government said in December it had decided to add

several media and telecommunication firms, including TVN, to its

list of strategic companies. This means that a takeover of these

companies will not be possible without the government's consent,

the country's prime minister said.

Poland's Radio Zet reported that WP Holding had submitted

its offer in consortium with another entity that could be

associated with the chief executive of parcel locker firm InPost

, Rafal Brzoska.

Brzoska told Bloomberg in an interview published on Monday

that he was not interested in buying TVN.

Reuters was not immediately able to reach Brzoska for

comment on Wednesday.

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