Saban Setting Sights on ProSiebenSat.1 Again
It looks like media mogul Haim Saban has some money left over from his recent $100 million contribution to charities in the U.S. and Israel to make a second attempt to buy ProSiebenSat.1. Saban pulled out of the deal to buy Kirch Media in June 2003. Now rumors are circulating that the POWER RANGERS-powered billionaire is making another run at buying only the broadcaster asset from Kirch's creditors. Creditors had insisted on selling bankrupt Kirch Media with ProSiebenSat.1, but a recent restructuring of the library has made it a separate asset. Other investment groups and broadcasters are considering a bid with prices said to range from $595 million to $736 million.