More trades exit the race to buy the magazine division of BBC Worldwide

The Daily Telegraph is reporting that more trade bidders have exited the race to acquire the magazine division of BBC Worldwide after it emerged that Top Gear magazine and other leading BBC titles were not part of the sale.They quote a source close to a trade bidder as saying that while indicative offers came in at around £160m, some first round bids were lowered to about £110m and second round offers to between £70m and £100m.

Other sources, “familiar with the process” have insisted that there was still interest in the titles, with private equity groups among them.

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UK, London

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