ProSiebenSat.1 Sale Rumors Drive Shares Up

MUNICH, September 26: Shares at ProSiebenSat.1 Media rose
some 6 percent on rumors that Apax Partners and Goldman Sachs are in
negotiations to acquire the German media group.

Earlier this year, Axel Springer failed in its attempt to
buy the company. Shortly thereafter, Haim Saban said that he was not in any
rush to put ProSiebenSat.1 back on the auction block. However, over the
weekend, Germany’s Focus magazine
reported that Apax and Goldman Sachs, among other private equity firms, were in
talks with Saban about a possible deal. The magazine reported that Saban is
looking for a price of 30 euros per share.