Tech
European private equity firm Cinven has made a bid for Telewest's content division Flextech, the Telegraph reported on Sunday.
Cinven joins a long list of bidders for Flextech; ITV, Channel 4, RTL, Liberty Media, Sparrowhawk Media are among UK and international broadcasting companies believed to have submitted offers for the unit. Previous reports indicate that offers are being accepted for Flextech's constituent parts: the unit's completely owned-and-operated channels including LivingTV, the UKTV joint-venture with BBC Worldwide, and the recently acquired Sit-Up TV operation.
Speculation still remains, however, that the Flextech bidding process is a value-building exercise by Telewest ahead of its long-awaited merger with NTL.
Cinven joins a long list of bidders for Flextech; ITV, Channel 4, RTL, Liberty Media, Sparrowhawk Media are among UK and international broadcasting companies believed to have submitted offers for the unit. Previous reports indicate that offers are being accepted for Flextech's constituent parts: the unit's completely owned-and-operated channels including LivingTV, the UKTV joint-venture with BBC Worldwide, and the recently acquired Sit-Up TV operation.
Speculation still remains, however, that the Flextech bidding process is a value-building exercise by Telewest ahead of its long-awaited merger with NTL.
More: Tech, Cable TV and Broadband
More Tech News
Apple News
Apple, Samsung peace talks failChief executives of both firms fail to reach agreement, mean legal trial likely.
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+.
