Germany's Federal Cartel Office has extended by 'several weeks' its investigation of a deal by which Premiere AG earlier this year obtained rights to distribute and market Bundesliga soccer matches via satellite.
Under the deal, Premiere had obtained the rights to distribute and market Arena, the channel that broadcasts Bundesliga soccer matches, via satellite, Agence France-Presse reported.
The company at the time agreed to give Arena a 16.7 pct stake in the firm in exchange for non-exclusive satellite market rights.
Premiere earlier this month said it has sent the Cartel Office a new proposal to allay the regulator's concerns, and has also said its talks with the Cartel Office are 'constructive'.
German regulator extends probe of Premiere's Bundesliga deal with Arena - Forbes.com