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NTL abandons ITV takeover

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Published Date: 06 December 2006
CABLE operator NTL said today that it had abandoned its £4.7 billion bid for ITV.
The company announced it had "no present intention" of making an offer for the broadcaster and said it was unlikely to strike a deal "on terms acceptable to NTL".

ITV had already said there was "little, if any, strategic logic" for a tie-up with NTL.

The cable company's decision came after BSkyB bought a 17.9 per cent stake in ITV.



The full article contains 94 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 06 December 2006 10:00 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: ITV
 
 

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