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BBC looking at 500 million pound bid for UKTV: Sources

BBC, UKTV and Scripps were not immediately available for comment


BBC, Job cut
Representative Image. Photo: Reuters

The BBC's commercial arm is considering a 500-million-pound ($658.55 million) bid for full control of broadcaster UKTV, the Daily Telegraph newspaper reported, citing sources.

Worldwide is in talks with advisers about borrowing hundreds of millions of pounds from private investors to buy out the half of it does not already own, the newspaper added.

UKTV, whose channels include Dave and Gold, is an independent commercial joint venture between Worldwide and U.S. broadcaster Scripps Networks Interactive .

had announced earlier this year that it is acquiring Scripps Networks Interactive Inc for $11.9 billion.

BBC, and Scripps were not immediately available for comment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, November 16 2017. 04:27 IST