There has been a fresh development in the ongoing Kirch saga with reports stating that Haim Saban has re-entered the bidding for the indebted media group.
Saban, a renowned US media tycoon, was involved at the start of the auction (see Seven Bids In For KirchMedia), but US diplomatic pressure has been applied and he has apparently raised his bid to E2 billion in an attempt to trump Bauer.