Time Warner, Vivendi Are Frontrunners For Polish TVN - Report

Date : 09/22/2011 @ 3:04AM
Source : Dow Jones News
Stock : Brt Apartments Corp. (MD) (BRT)
Quote : 7.96  -0.09 (-1.12%) @ 4:03PM

Time Warner, Vivendi Are Frontrunners For Polish TVN - Report

Time Warner (NYSE:TWX)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Time Warner Charts.

Media firms Time Warner Inc. (TWX) and Vivendi (VIV.FR) are frontrunners to win the auction for Polish broadcaster TVN SA (TVN.WA), Polish daily Puls Biznesu reports, citing anonymous sources.

Polish entertainment group ITI Holdings SA, which holds 56% of TVN, said in July it was considering a possible sale of its entire stake. It wasn't immediately available for comment.

Bertelsmann AS isn't among the potential buyers, accordign to Puls Biznesu, but the daily added that private equity funds are looking for strategic partners to jointly purchase TVN and then divide up its various businesses.

In late August, Vivendi Chief Executive Jean-Bernard Levy said the company is looking for small to medium-sized acquisitions to boost its presence in emerging markets. He declined to comment on suggestions the group may be interested in TVN. "We never comment on any particular rumor," Levy said, but added the company is "very attentive" to what is happening in Poland where it already has operations.

Newspaper website: www.pb.pl

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com

Latest BRT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.