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Heinrich Bauer Verlag

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BUSINESS
March 12, 2003 | From Reuters
Media billionaire Haim Saban has edged ahead in the bidding for insolvent German television group KirchMedia as the yearlong auction nears an end, sources close to the deal said. Rival bidder Heinrich Bauer Verlag will have to improve its offer in last-minute negotiations if it is to regain the lead in bidding for the assets, which include Germany's largest TV broadcaster and a vast library of film rights, the sources said.
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BUSINESS
March 12, 2003 | From Reuters
Media billionaire Haim Saban has edged ahead in the bidding for insolvent German television group KirchMedia as the yearlong auction nears an end, sources close to the deal said. Rival bidder Heinrich Bauer Verlag will have to improve its offer in last-minute negotiations if it is to regain the lead in bidding for the assets, which include Germany's largest TV broadcaster and a vast library of film rights, the sources said.
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BUSINESS
December 13, 2002
Microsoft Corp. said six versions of its Windows operating system are susceptible to a "critical" bug that can allow online attackers to take over customers' personal computers. The vulnerability lies within "virtual machine" features that Microsoft includes in Windows to run commands based on the Java programming language. * Japanese automaker Honda Motor Co. plans to add a sports car to its U.S. Acura line to expand sales of the luxury brand.
BUSINESS
June 5, 2003 | From Bloomberg News
U.S. investor Haim Saban pulled out of a $2.3-billion contract to buy Germany's biggest television broadcaster from ailing KirchMedia, the two sides said. Saban, the U.S. producer of "Mighty Morphin Power Rangers," dropped the takeover offer signed in March for ProSiebenSat1 Media because he failed to agree with KirchMedia and creditor banks on "details of the transaction" within set deadlines, Saban and KirchMedia said in a joint statement.
BUSINESS
March 17, 2003 | Mark Thompson, Reuters
Insolvent German media firm KirchMedia has agreed to sell its television assets to Hollywood billionaire Haim Saban in a deal worth about $2.2 billion, sources close to the talks said Sunday. KirchMedia and a spokeswoman for Saban declined to comment. The deal, which ends a year-long auction, would see Saban and his partner, French TV group TF1, buy a controlling stake in Germany's largest commercial broadcaster, ProSiebenSat.1 Media, and a film rights library.
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