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Sep 20, 2005 • 1 min read

ITV out of running in Flextech sale

According to the Sunday Times, ITV is out of the running to buy Flextech, leaving BSkyB and Five owner RTL as frontrunners.

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ITV is apparently out of the running to buy Flextech, the TV company owned by Telewest which owns the likes of Trouble and Living, and is the BBC's partner in the UKTV empire. According to the Sunday Times, Deutsche Bank, who are coordinating the sale, have told ITV bosses they are out of the running, meaning BSkyB and Five owner RTL are now the frontrunners. If I remember correctly Telewest are selling Flextech ahead of their planned merger with NTL, but I might be wrong about that so don't quote me on it.

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