Thread: Virgin Media seek talks with ITV again
View Single Post
Old 10-02-2007, 01:49   #6
Horizon
Media Watcher
 
Join Date: Feb 2006
Location: Essex
Services: Sky, Cable & Freeview
Posts: 2,409
Horizon has reached the bronze age
Horizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze ageHorizon has reached the bronze age
Re: Virgin Media seek talks with ITV again
Quote:
Originally Posted by jcuk View Post
wasent it that ntl were interested in making a bid ? tbh i didnt read much on it
That's right, ntl made a proposal to bid for ITV, which ITV rejected. Ntl never actually made a bid for ITV though. Bit like saying to your best mate, "I propose to give you £50 for your old computer." Is not the same as saying, "I'm giving you £50 for your old computer."
Quote:
Originally Posted by Mick View Post
They did - they made an offer of £4.7 Billion, which ITV rejected claiming it had 'materially undervalued' their company. However, the rejection followed BSkyB’s purchase of a 17.9% stake in ITV. (About £940 Million worth of ITV shares).
No, it wasn't a bid. It was a proposal. A proposal is not the same as a bid.

Here is a link to ITV's rejection of the proposal:

http://www.investegate.co.uk/Article...1211155474339M
__________________
Forum Box
Horizon is offline   Reply With Quote