UTV, Irish owner of talkSPORT and numerous local radio stations across the UK has made another approach to Virgin Radio owner SMG with a new merger proposal. The latest offer is for a nil-premium merger, now that UTV's capitalisation is higher than SMG’s.
The Times reports the merger could create a media group worth about 400million pounds. Both groups have not commented on the rumour, and the newspaper has not named any sources for the news.
[link=http://radiotoday.co.uk/news.php?extend.1029]SMG and UTV in merger talks[/link]
[link=http://www.radiotoday.co.uk/news.php?extend.1049]SMG officially rejects UTV offer[/link]
[link=http://www.radiotoday.co.uk/news.php?extend.1052]SMG wants 55 per cent[/link]
Search for more at [link=http://www.radiohomepage.co.uk]RadioHomepage.co.uk[/link]