E&H assists SevenVentures on deal with shöpping.at
SevenVentures Austria, the investment arm of ProSiebenSat.1 Media SE, has entered into a “media for equity” agreement with shöpping.at, the online marketplace of the Austrian Post. The leading Austrian private TV group ProSiebenSat.1 PULS 4 will provide the online marketplace with substantial TV advertising. The cooperation gives SevenVentures Austria an option to acquire at least 14% of the operating company of shöpping.at.
SevenVentures is the investment arm of ProSiebenSat.1 Media SE, which offers young companies support in their growth through various investment models with its large TV reach.
shöpping.at is an online marketplace for Österreichische Post AG (the Austrian Post), with an extensive range of brands and products from local, regional, and national retailers.