US billionaire Saban bids €2.6bn for KirchMedia - report

With an offer of €2.6bn, US billionaire and film producer Haim Saban has lodged the highest bid for the assets of the insolvent KirchMedia, German media reported.

However, the Sueddeutsche Zeitung said Saban is not seriously interested in purchasing the KirchMedia assets, which include a 52.5% stake in ProSiebenSAT.1, a film library, and a sports rights business.