Spain's Bankia eyes stake sales after record bailout

MADRID - Spain's fourth biggest lender, Bankia, on Saturday prepared to sell stakes it holds in companies to meet European competition rules after a state rescue that has so far cost 23.5 billion euros (18.77 billion pounds). | Video

» More Business News

German solar boom strengthens critics of subsidies

FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.

» More Green Business News

Zynga buys British-based games company

NEW YORK - Zynga has acquired Wonderland Software, a nine-person video game studio based in Britain that makes mobile games for Apple devices, in a bid to offer more games for users to play on smartphones and tablets.

» More Small Business News

Virgin Media has shortlist for VMtv sale: report

Related Topics

Quotes

   

LONDON | Tue May 12, 2009 2:14am BST

LONDON (Reuters) - Virgin Media Inc (VMED.O) has drawn up a shortlist of three potential buyers of its VMtv channels, the Times reported on Tuesday.

Channel 4, Time Warner Inc (TWX.N) and BSkyB (BSY.L) had made it through to the second round of the auction of VMtv, whose channels include Brave and Living, the paper said citing unnamed sources.

Virgin Media has opted to sell the channels separately from its other TV asset, its UKTV venture with BBC BBC.UL Worldwide, the paper said, adding the sale of the two could fetch about 400 million pounds ($607 million).

No one at Virgin Media could immediately be reached for comment.

(Reporting by David Holmes; Editing by Gary Hill)
Deals
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.