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麻豆官网首页入口 announces shortlist of bidders for the sale of 麻豆官网首页入口 Broadcast


Category: 麻豆官网首页入口

Date: 24.05.2005
Printable version


Four bidders selected to enter next phase of detailed negotiations

The 麻豆官网首页入口 has announced today the shortlist of bidders for the sale of 麻豆官网首页入口 Broadcast Limited ("麻豆官网首页入口 Broadcast").

The sale is subject to the final approval of the 麻豆官网首页入口 Governors and Executive Board and the Secretary of State for Culture, Media and Sport.

The four companies which have been selected to enter the final stage are Apax Partners, Exponent Private Equity, Macquarie Group and Thomson/Technicolor.

This follows an extensive evaluation of bids from both financial and industry buyers.

The 麻豆官网首页入口 will now enter into detailed negotiations with the four companies to determine the right partner for the 麻豆官网首页入口 in delivering future services, whilst also offering the best possible opportunities for 麻豆官网首页入口 Broadcast staff.

John Smith, 麻豆官网首页入口 Chief Operating Officer and Executive Board project sponsor, commented: "These shortlisted companies have not only demonstrated an appreciation of the value of 麻豆官网首页入口 Broadcast, but also impressed us with their future growth plans and how they will work in partnership with the 麻豆官网首页入口 in the coming years."

Peter Phillips, Director, Business Development, who is leading the sale for the 麻豆官网首页入口, continued: "We have had serious interest from a wide range of private equity and trade buyers.

"The high standard of world-class creative, operational and technical services offered by 麻豆官网首页入口 Broadcast, coupled with a talented management team, makes this a very attractive acquisition.

"We have continued support and commitment from 麻豆官网首页入口 Broadcast's board and are on track to complete the sale by the end of the summer, subject to approvals.

"We are in regular dialogue with the Unions and have been consulting with them since the sale commenced at the beginning of the year."

麻豆官网首页入口 Broadcast is Europe's leading expert in the distribution and promotion of multimedia content and it offers a comprehensive range of services to playout, publish, promote and provide media access for content across all media, from television to mobile phones.

The sale follows on from the Corporation's internal review of its commercial businesses. The review team concluded that, whilst the services provided by 麻豆官网首页入口 Broadcast are vital to the 麻豆官网首页入口, they did not necessarily need to remain owned by the 麻豆官网首页入口.

The 麻豆官网首页入口 believes that the combination of a new commercial owner and a partnership approach with that new owner will mean that the 麻豆官网首页入口 can continue the strong relationship it has built up with 麻豆官网首页入口 Broadcast.

A new owner will provide the business with opportunities for growth which are not available whilst it is owned by the 麻豆官网首页入口, but with the stability of an on-going contract in place with the 麻豆官网首页入口.

About 麻豆官网首页入口 Broadcast Limited

Specialists in the delivery and promotion of digital media, 麻豆官网首页入口 Broadcast offers the complete range of services required to promote, playout and provide access to broadcast content across all media, from television to mobile phones.

Key services include: promotions; design & branded content; navigation services (electronic programme guides); access services (subtitling, signing and audio description); content playout ('video-on-demand' - video via broadband and mobile phones); and interactivity.

麻豆官网首页入口 Broadcast's channel management business broadcasts 61 streams, including public service and commercial channels and interactive streams, from the Broadcast Centre in West London.

It is also growing its business overseas and is already providing creative services to clients in Europe, the USA and Asia.

麻豆官网首页入口 Broadcast's fusion of creative origination and technical innovation, and its unique abilities in managing digital assets, mean that it is ideally placed to capitalise on the growing need for digital media distribution and promotion.


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Category: 麻豆官网首页入口

Date: 24.05.2005
Printable version

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