Polsat's search for an investor may lead to Agora alliance

Private TV station Polsat is looking for an investor, says company owner Zygmunt Solorz. A potential candidate, according to Puls Biznesu reports, is media giant Agora, publisher of Gazeta Wyborcza. An Agora-Polsat alliance would create the largest media group in Poland, with a leading position in the daily newspaper, television and IT markets. Unofficial sources say representatives of the two firms are currently at the negotiating table. "We are talking with many firms about the possibility of cooperation, including various forms of consolidation," Solorz said. "However, I do not want to comment on any information related to Agora." Polsat's value has been unofficially estimated at $1.2 billion. Under preliminary plans, Agora is to acquire a majority stake in Polsat together with a partner, rumored to be an investment fund. (Puls Biznesu, p. 4) A.Z.