Talking of Global Radio, proving they are indeed acquisition hungry, they are among four outfits who are believed to have submitted offers to buy Virgin Radio off media firm SMG yesterday. SMG, who have been talking about selling off the national music station for a while now, had set a deadline of yesterday for first round offers. Radio and TV firm UTV (who at one point tried to merge with SMG) are also thought to be bidding for the Virgin station, as are Absolute Radio and a private equity outfit Vitruvian Partners. Rumours last year that the Virgin Group were considering buying the station back don't seem to have been true.
Feb 14, 2008
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1 min read
Offers submitted for Virgin Radio
Four bidders, including Global Radio, Absolute Radio and UTV, are believed to have made offers for Virgin Radio, which SMG wants to sell.