RTL tipped to bid for ITV
Print storyGerman media group to snatch NTL deal?
Posted in Networks, 17th November 2006 11:39 GMT
See what The Register's experts have to say on application security
German media group RTL is preparing a £5bn bid for ITV according to reports. Last week UK cable monopoly NTL was said to be preparing a bid for the troubled commercial broadcaster.
The Financial Times reports that while US-listed NTL works to formalize its bid, RTL, Europe's largest broadcaster is working with private backers to swoop on ITV.
RTL's parent company Bertelsmann is reportedly seeking private backing for the deal to avoid adding to its own debt.
ITV's market capitalisation stands at around £4.5bn, and it carries a £1bn debt.
On Tuesday, O2 group CEO Peter Erskine said while the proposed NTL/ITV deal could make sense on paper, in the real world the synergies from a tie-up might be difficult to realise. ®
Increase your knowledge of the latest threats to your busines
The future of SaaS and IT infrastructure management
Can Outsiders Enhance Exchange?
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter