German sports channel DSF takeover bid
The former managing director of German sports channel Deutsches SportFernsehen (DSF), Oliver Reichert, appears to be planning a takeover of the broadcaster.
The 38-year old, along with several investors, is believed to have made a purchase offer to the channel's parent company, Constantin Medien, reports German newspaper Süddeutsche Zeitung, citing industry sources. The amount is rumoured to be a low two-digit million euro figure.
It is not known how Constantin Medien CEO Bernhard Burgener responded to the offer. Sources within the company's circle, however, say that the channel is not for sale, although pointing out that another meeting between the two sides is soon to take place.
Constantin Medien recently announced that DSF would be rebranded as SPORT1 in the first quarter of 2010, taking on the name of the internet sports portal the company operates.
The Constantin Medien group, in which media entrepreneur Leo Kirch is the largest single shareholder, owns in addition to DSF and Sport1 movie production company Constantin Film, sports production company Plazamedia and sports rights dealer Team. The company also produces the soccer Bundesliga channel LIGA total! for Deutsche Telekom's IPTV and mobile TV offer.