UPDATE 2-ProSieben puts online drugstore Windstar Medical up for sale – sources

(Adds further asset sale)

FRANKFURT, Sept 30 (Reuters) – German TV broadcaster ProSiebenSat.1 has put its online drugstore Windstar Medical up for sale as it streamlines its technology investments, people close to the matter said.

The profitable retailer of over-the-counter drugs could be valued at around 250 million euros ($293 million), including debt, in a potential deal, the people said.

Non-binding offers for the unit are due shortly, with mostly private equity groups expected to show interest in the start-up with some 100 employees, they said.

ProSieben said it announced in March 2020 it would examine all existing investments to see whether there are clear synergies with its core business, adding that it would assess in each case whether it is the best owner for individual companies.

ProSieben, under new management, is looking to raise money from asset sales after the reign of former CEO

Read More Read more

ProSieben puts online drugstore Windstar Medical up for sale – sources

By Arno Schuetze and Klaus Lauer

FRANKFURT, Sept 30 (Reuters)German TV broadcaster ProSiebenSat.1PSMGn.DE has put its online drugstore Windstar Medical up for sale as it streamlines its technology investments, people close to the matter said.

The profitable retailer of over-the-counter drugs could be valued at around 250 million euros ($293 million), including debt, in a potential deal, the people said.

Non-binding offers for the unit are due shortly with mostly private equity groups expected to show interest in the start-up with some 100 employees, they said.

ProSieben said it announced in March 2020 that it would examine all existing investments to see whether there are clear synergies with its core business, adding that it would assess in each case whether it is the best owner for individual companies.

ProSieben, under new management, is looking to raise money from asset sales after the reign of former CEO

Read More Read more

Medical offices proposed for Timberlyne Chapel Hill theater

title=

The Regal Timberlyne movie theater opened in 1993 at 120 Banks Drive near the Timberlyne Shopping Center in Chapel Hill. The theater has been closed since March because of the state’s COVID-19 restrictions.

Courtesy of

One of Chapel Hill’s last chain movie theaters might not reopen post-COVID if a Cary developer moves ahead with plans for a new medical office.

Regal Timberlyne, which opened in 1993, is one of 18 Regal Theatre locations in North Carolina. Other Triangle locations are in Raleigh, Cary, Garner and Apex.

The six-screen, 1,350-seat theater, located at 120 Banks Drive near the Timberlyne shopping center, closed in March when the state shut down to stem COVID-19 infections. The state has not yet lifted its restrictions on movie theaters.

Online postings show Foundry Commercial had listed the theater property for sale in January. Cary-based Parkway Holdings Phase 2 LLC plans to close on the

Read More Read more