KKR builds 5.2% stake in ProSieben, says company undervalued

), becoming the third investor to amass a sizable shareholding in the struggling German broadcaster.

“We have decided to reinvest into ProSiebenSat.1 based on our belief that markets are currently undervaluing the company,” a KKR spokesman told Reuters. “We view this as a financial investment.” “We view it as a positive signal that, in addition to Mediaset and CMI, other market participants see ProSieben as an attractive investment - even at a time of crisis,” ProSieben said in a statement.

Chief Financial Officer Rainer Beaujean was promoted to the top job just as the coronavirus pandemic hit Germany, causing advertising revenue to collapse by 40% in April.

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The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor saysPaul Singer, the hedge-fund billionaire behind Elliot Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of that grim outlook? Buy gold. No, the stock market keeps going up forever because of the central banks The stock market almost did get cut in half. The only reason people say this is because they missed it. Silver -$2500usd gold -$22000 that's only USA numbers I gathered imagine the world under one currency back by gold silver that would 3x
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