Media
Germany's RTL poised for 100% Five ownership
Published Tuesday, Mar 15 2005, 21:21 GMT | By Neil Wilkes
United Business Media is expected to sell its 35.4% stake in Five within weeks, according to reports today.
German firm RTL, which owns the other 64.6% share in the channel, is likely to pay around £220 million to gain full ownership.
If the company fails to meet UBM's asking price, however, another buyer could step in. Cable company Telewest has been suggested as one possible candidate.
German firm RTL, which owns the other 64.6% share in the channel, is likely to pay around £220 million to gain full ownership.
If the company fails to meet UBM's asking price, however, another buyer could step in. Cable company Telewest has been suggested as one possible candidate.
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