Haim Saban may need a bigger shopping cart.
The TV maven, who swooped in to bag the ProSiebenSat1 broadcast group from rival bidder Heinrich Bauer at the Kirch Media asset sale, may be poised to poach another Kirch goodie — local sports channel DSF.
Retail giant KarstadtQuelle and local TV license trader EM.TV looked to have the inside track on DSF, touting a provisional contract with Kirch, but Saban could still throw a monkeywrench into the works: He has rights to match or top the bid before creditors approve a final sale.
And Saban is reportedly contemplating a $15.5 million offer for DSF, more than what KarstadtQuelle and its partners are said to be offering.
KarstadtQuelle expressed confidence about its acquisition. “We have no doubts about the validity of our contract with Kirch Media,” says spokesman Elmar Kratz. “We have a notarized contract, unlike Bauer, who was just in advanced talks for ProSiebenSat1.”
But for Kirch Media’s creditors, it’s apparently still the money that matters.
“If the creditor committee has a more attractive offer on the table, they can choose to go with that one instead,” says Kirch Media’s Hartmut Schultz.