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.
BBC Worldwide is in talks with advisers about borrowing hundreds of millions of pounds from private investors to buy out the half of UKTV it does not already own, the newspaper added. http://bit.ly/2jv77nC
UKTV, whose channels include Dave and Gold, is an independent commercial joint venture between BBC Worldwide and U.S. broadcaster Scripps Networks Interactive
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BBC, UKTV 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.)