Talk of a possible merger between German media giants ProSiebenSat.1 and Axel Springer have resurfaced.
A previous takeover of the TV network by Europe’s biggest newspaper publisher was blocked by competition watchdog a decade ago.
A source told the Wall Street Journal that renewed talks are at an early stage.
It’s believed that ProSeibenSat.1 – which runs Germany’s highest rated private TV channels – will emerge as the senior partner.
The companies’ combined market capitalisation is about 14.4 billion.
Last year a German court said the competition regulator had been wrong to block the previous takeover.