Sport1 Medien AG, a wholly-owned subsidiary of Highlight Communications AG, in which Highlight Event and Entertainment AG in turn holds a 53.03% stake, has agreed a comprehensive cooperation with the international media and entertainment company Acun Medya, based in Istanbul, which includes the sale of 50% of the shares in the subsidiary Sport1 GmbH for a purchase price of 30 million euros.

Acun Medya has undertaken to produce its internationally successful entertainment and sports entertainment programs for Sport1. Highlight Event and Entertainment AG will continue to fully consolidate Sport1 GmbH for accounting purposes.

The completion of the transaction is subject to various conditions, in particular media and antitrust approvals.