Mediashop sold to One Spot GmbH after €55M bankruptcy collapse
Mediashop GmbH, a teleshopping firm based in Neunkirchen, has been sold to One Spot GmbH after filing for bankruptcy in late February 2026. The deal follows months of financial turmoil, with debts totalling around €55.27 million. Creditors have now approved the takeover, allowing the company to continue in a scaled-back form. The collapse of Mediashop came after a failed restructuring attempt. Negotiations with creditors broke down because the proposed financial concessions were deemed unworkable within the tight deadline. Despite this, the administrator received 15 bids for the business, ultimately selecting One Spot GmbH’s offer as the most beneficial for the insolvency estate.
The sale ensures that 34 employees will keep their jobs, with plans to expand the workforce to at least double its current size. Patrick Schenner has been appointed to lead the company under its new ownership. Meanwhile, the administrator is reviewing potential liability claims against former managers, extending the legal deadlines to pursue such cases.
Scrutiny has also fallen on a €17 million dividend paid to Mediashop’s parent company in spring 2025. Investigators are examining whether this payment contributed to the firm’s financial downfall, though the collapse has been linked to broader issues beyond just declining revenue and high fixed costs. The acquisition by One Spot GmbH marks a fresh start for Mediashop, albeit on a smaller scale. With creditor approval secured and purchase agreements finalised, the company will now operate under new leadership. Legal proceedings may still unfold as the administrator continues to assess responsibility for the bankruptcy.
