Germany’s Kirch Group said on Monday it is in talks to pull another investor on board its loss-making pay-TV operations following last month’s much-anticipated entry by media mogul Rupert Murdoch. A Kirch spokesman said that the Kirch Group is negotiating with Saudi financier Prince Al Waleed bin Talal to take a stake in KirchPayTV KGaA but said the terms of the deal were "not yet set in stone." Local press speculation suggests that Waleed plans to invest DM400 million (Euro205 million) in Premiere World and would receive a three-per cent stake in the holding in return. BSkyB agreed in December to invest DM2.9 billion in KirchPayTV for 24 per cent of the company. Kirch deputy managing director Dieter Hahn said at the time that the group had not ruled out selling off another 10 per cent of the company. Waleed and Italian media investor Silvio Berlusconi each took three percent stakes in Kirch’s film, television and media technology holding KirchMedia KGaA last spring.