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U.S. intervenes in Kirch sale.
Byline: Andrew Bulkeley in Berlin
German publisher Heinrich Bauer Verlag will have to wait to acquire the core media assets of bankrupt Kirch Group after the U.S. Embassy in Berlin pressured Kirch to entertain a rival bid from Hollywood billionaire Haim Saban.
Sources confirmed Thursday, Jan. 16, that Munich-based Kirch has delayed closing the sale of its film rights library, as well as a 52.5% stake in private broadcaster ProSiebenSat.1 Media AG, to have its adviser UBS Warburg review Saban's bid. The delay could uncover why Saban had been shut out of the bidding despite offering a better price and possessing qualifications many consider unparalleled for …
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Newspaper article from: The Daily Deal
June 18, 2002
700+ words
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Newspaper article from: The Daily Deal
October 11, 2002
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Magazine article from: Investor's Business Daily
March 13, 2003
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Newspaper article from: The Daily Deal
June 15, 2002
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Newspaper article from: The Daily Deal
June 20, 2002
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