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Wednesday, November 19, 2014

ProSiebenSat.1 says could sell a stake in Maxdome streaming service, (NASDAQ: LBTYA)

German broadcaster ProSiebenSat.1 does not rule out a partnership for its fast-growing online video streaming service Maxdome, which competes with Amazon and Netflix in the nascent market, a senior executive at the firm said on Wednesday. Last week the Handelsblatt newspaper said that cable group Liberty Global was in talks to purchase a 50 percent stake in Germany's biggest streaming service.ProSiebenSat.1 board member Christian Wegner failed to comment specifically about Liberty but said partnerships could make sense."We are very comfortable with the Maxdome asset and we want to participate in future growth in the market," Wenger said at Morgan Stanley's annual European Technology, Media and Telecoms Conference in Barcelona on Wednesday."On partnerships, it is mostly opportunistic. Obviously we talk to everyone and are not dogmatic about it."

Shares of LBTYA fell by 1.18% or $-0.55/share to $46.17. In the past year, the shares have traded as low as $37.98 and as high as $47.86. On average, 3358120 shares of LBTYA exchange hands on a given day and today's volume is recorded at 1357967.