View Single Post
Old 13-12-2011, 07:43 AM #1
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 185,342
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 185,342
Default Time Warner makes €1bn bid for Endemol

http://www.guardian.co.uk/media/2011...er-bid-endemol



"TimeWarner
has submitted a second takeover bid for Endemol,
the debt-laden producer of Big Brother
and Deal Or No Deal, with a sweetened offer of €1bn in cash.
In November, Time Warner tabled a speculative €1bn (£858m)
offer with elements of cash and debt,
which was rebuffed by the company which
is in the final stages of agreeing a protracted
restructuring of €2.8bn debt.

Endemol,has a deadline of Tuesday
to hammer out an agreement before
it has to roll over its agreement with creditors on Tuesday.
Its lenders have all but rejected the latest offer."


Endemol has to make its mind up.
Its so simple now it's all on the table.

Last edited by arista; 13-12-2011 at 07:44 AM.
arista is offline   Reply With QuoteReply With Quote