Media
Global Radio has asked for its deadline to complete a takeover of Capital Radio owner GCap to be extended for a second time, according to a report.
A provisional £371m bid is still expected to be agreed but Global requested it be given until April 2, sources told the Financial Times.
The current deadline from the Takeover Panel, which has already been extended as Global entered a series of offers since December, is tomorrow.
Meanwhile, Global has lost out in the ongoing auction of Virgin Radio by owner SMG. Absolute Radio and UTV are said to be the only two bidders still in the running.
A provisional £371m bid is still expected to be agreed but Global requested it be given until April 2, sources told the Financial Times.
The current deadline from the Takeover Panel, which has already been extended as Global entered a series of offers since December, is tomorrow.
Meanwhile, Global has lost out in the ongoing auction of Virgin Radio by owner SMG. Absolute Radio and UTV are said to be the only two bidders still in the running.
More Media News
Satellite TV News
Sky marks Jubilee with Union Jack remoteSky and One For All create universal remote celebrating the landmark UK summer.
Cable News
Pirate Bay blockade begins with VirginBT, Sky, others to follow suit, but rights groups warn it won't tackle piracy.
Freeview News
Freeview+ made easier for blind peopleRNIB develops software to make it easier for blind people to use Freeview+.
Video on Demand
'World first' social VOD service launchesThe studio behind Plan B's iLL Manors offers VOD users rewards for sharing.
