<i>FT</i>: Discovery, Sky could jointly bid for U.K.'s Channel 5

|About: Sky Plc (BSYBF)|By:, SA News Editor

Discovery Communications (DISCA) is in discussions with BSkyB (BSYBF) about a joint bid for the U.K.'s Channel 5, the FT reports.

Channel 5 is being sold by British media businessman Richard Desmond, who bought the company for £104M in 2010 but hopes to receive £700M. Bids are due in on Thursday.

BT (BT) and Comcast's (CMCSA) NBCUniversal are also considering making an offer.