Feeds

BT and Sky in chase for AOL UK - report

Price a bit steep though

Remote control for virtualized desktops

BSkyB and BT are reportedly close to making a bid for AOL UK although both firms are understood to be unhappy at the £1bn price tag.

The Sunday Times reports that the deadline for offers could be as early as this week after AOL UK parent Time Warner called in bankers Citigroup to conduct a strategic review of its European operations.

The newspaper reports that one insider says a more realistic price tag for the business would be around £660m.

Sky - which bought LLU operator EasyNet last year for £211m - is due to unveil details of its own broadband access service later this summer.

Although one of the options for the strategic review could be the full or partial sale of the business, AOL has consistently said its preferred option would be to form some kind of partnership.

Last week, the Carphone Warehouse was named as a possible suitor for AOL UK.

However, while boss Charles Dunstone said he would be keeping a "close eye" on the sale of the AOL business, he added that he felt "no pressure" to grow his TalkTalk telecoms business by acquisition. ®

Beginner's guide to SSL certificates

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.