Seeking Alpha

U.S. companies bid for U.K.'s Channel 5

  • Viacom (VIA), Discovery Communications (DISCA) and Scripps Networks (SNI) have bid for U.K. TV broadcaster Channel 5, the FT reports.
  • Saban Capital, the media-focused private equity group, has also made an offer.
  • The value of the proposals couldn't be obtained, but Channel 5 owner Richard Desmond is seeking £700M ($1.17B).
  • It wasn't clear if BSkyB (BSYBF) was part of the Discovery bid after an earlier FT report linked the companies for a Channel 5 offer.
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