Saban to Sit On ProSiebenSat1 for at Least One Year

14 February 2006

   NEW YORK - Despite recent declarations of interest, a private equity consortium led by US billionaire Haim Saban has decided to retain its majority shareholding in German commercial broadcaster ProSiebenSat1.
    Having watched an agreed €4.2 billion ($5.01bn; £2.87bn) sale to Axel Springer slip through its fingers following intervention by German regulators [WAMN: 02-Feb-06], the consortium said it will wait at least another year before it considers any further sales approaches.