Freenet Said to Mull Options for Streaming Platform Waipu.TV (1)

German telecom group Freenet AG is considering options for its television streaming platform Waipu.TV, which could be valued at as much as €1.5 billion ($1.7 billion) in a deal, people familiar with the matter said.

The Frankfurt-listed company is looking at whether to approve an initial public offering for Waipu.TV, as the platform’s minority shareholders are seeking to exit, the people said. Exaring AG, which is majority owned by Freenet and manages Waipu.TV, has been fielding proposals from investment banks about the possible IPO, the people said.

Freenet could also opt to buy out Waipu.TV’s minority shareholders, said the ...