Shares in Premiere have risen for a second day amid market speculation that veteran media mogul Leo Kirch is looking to once more take control of his former pay-TV platform.
Kirch was forced to withdraw from Premiere in 2002 after his Kirch Holding ran out of cash as the German pay-TV platform struggled.
In October, Kirch made a surprise return to the German media market after purchasing the rights to market the Bundesliga for six seasons from 2009. His new company Sirius will also be responsible for producing coverage of the matches.
It is a third time in less than a year that Premiere has been the subject of takeover talk. In March shares jumped by 6.4% after rumours that Canal+ owner Vivendi was considering a bid. Then in May, stocks rose again, this time after the Spanish Sogecable was linked with a bid.