Printer Friendly
The Free Library
14,679,288 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Saban readies German funds.


BILLIONAIRE Haim Saban Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.  is in talks with leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase.  firms including Carlyle Group Inc. and Texas Pacific Group about joining his bid for control of Germany's top broadcaster, people familiar with the talks said.

Saban needs partners to help finance his $2.2 billion bid for a majority stake in the broadcaster, ProSiebenSat1 Media AG, along with Europe's biggest film rights library, the people said. Saban is also in talks with Black-stone Group LP, the sources said.

Saban, producer of the "Mighty Morphin Power Rangers Mighty Morphin Power Rangers ("MMPR") is an American live-action television series, created for the American market, based on the sixteenth installment of the Japanese Super Sentai franchise, Kyōryū Sentai Zyuranger. ," agreed last month to buy the assets from KirchMedia GmbH, which filed for protection from creditors a year ago. The purchase would provide Saban with a rare chance to expand into the world's second-largest media market.

Saban plans to present the companies that will help finance the purchase by the end of May, the people said.

Thomas H. Lee Partners This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using . Thomas H.
 LP may also join Saban, according to a Financial Times report.

Also planning to join Saban is TF1 Television Francaise 1 SA, France's most-watched television channel, with a $110 million to $165 million investment.

Saban himself wants to pay between $439 million and $549 million and is looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 as many as four partners, the people said. Saban spokeswoman Elisabeth Ramelsberger declined to comment, as did representatives of Black-stone, Texas Pacific, Thomas H. Lee and Carlyle.
COPYRIGHT 2003 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:billionaire Haim Saban
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:4EUGE
Date:May 5, 2003
Words:221
Previous Article:Web services firm banking on growth of online bill payment. (Corporate Focus).(Digital Insight Corp.)
Next Article:'Fertile market'. (Wall Street West).(Dewberry Capital Corp. opens office in Los Angeles)(Brief Article)
Topics:



Related Articles
DISNEY COMPLETES FOX FAMILY BUY.(Business)
Fox executive moves to smaller house.(Maureen Smith moves to TLC Entertainment)(Brief Article)
Haim Saban's short and sweet trip into TV broadcasting.(Territory: Germany)
Changing German TV. Saban's sticky stake.(Territory)
Singular vision.(Univision Acquired by Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban...
Shareholders sue Univision.(NEWS ROUNDUP)
Televisa sues Univision over internet broadcast rights.(NEWS ROUNDUP)
Univision sale pushes total value of June deals over $20 billion.(NEWS & ANALYSIS)
Univision vote.(shareholders to vote on Univision Communications Inc.'s acquisition by Thomas H. Lee Partners, Texas Pacific Group and Providence...
New honcho.(News of the Week)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles