FRANKFURT (Reuters) - German pay-TV broadcaster Premiere has received no signal that large shareholder News Corp plans to bid for the whole company but has hired investment banks just in case, it said.
"Its a prophylactic measure," a spokesman said on Wednesday. "The banks could also advise us on other matters."
Premiere, in which Rupert Murdochs News Corp. has built up a 25 percent stake this year, has hired UniCredit and Morgan Stanley as advisers.
The broadcaster, popular for its live broadcasts of German Bundesliga soccer, recently doubled the size of its supervisory board to make room for new members from Murdochs media empire and has said it regards News Corp as a long-term investor.
(Reporting by Georgina Prodhan; Editing by Paul Bolding)
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