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.
UK, London
Related articles:
- Bauer closes in on BBC Magazines as Future and Burda drop out Posted on March 31, 2011
- Future Publishing emerges as a contender for BBC Worldwide’s magazine division Posted on February 24, 2011
- BBC Worldwide seeks a partner for its magazine division Posted on April 13, 201
Fusion Corporate Partners 