Freenet AG is nearing a deal to buy out minority investors in its television streaming platform Waipu.TV after abandoning plans to list the business, people with knowledge of the matter said.

The move signals a strategic shift for Freenet, which previously considered an initial public offering for the streaming service. The buyout would consolidate ownership and allow Freenet to retain full control over the platform's future direction.

Waipu.TV offers ad-supported and premium streaming content to German audiences. By acquiring remaining minority stakes, Freenet aims to streamline operations and strengthen its position in the competitive European streaming market.

The transaction details remain confidential, but sources indicate that negotiations are in advanced stages. No official statement has been released by Freenet or the minority investors involved. The outcome could reshape the ownership structure of one of Germany's emerging streaming platforms.