06.09.2005 08:00 AM
BBC Broadcast announces shortlist of bidders

The BBC has announced its shortlist of bidders for the sale of BBC Broadcast.

The sale is subject to the final approval of the BBC Governors and Executive Board, and the UK's Secretary of State for Culture, Media and Sport.

Apax Partners, Exponent Private Equity, Macquarie Group and Thomson/Technicolor have been selected to enter the final stage of negotiations.

This follows an extensive evaluation of bids from both financial and industry buyers. The BBC will now enter into detailed negotiations with the four companies to determine the right partner for the BBC in delivering future services.

The sale stems from the corporation's internal review of its commercial businesses. The review team concluded that, while the services provided by BBC Broadcast are vital to the BBC, they did not necessarily need to remain owned by the BBC.

For more information, visit www.bbcbroadcast.com.

Back to the top




Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB


 
Featured Articles
Research & Standards
Discover TV Technology