It seems another non-UK based media company could get their hands on a British radio station. According to reports, a network backed by Malaysian billionaire Ananda Krishnan has made a bid for SMG's Virgin Radio to rival Absolute, Global and UTV Radio.
The [link=http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/17/cnvirgin117.xml]report[/link] in the Telegraph suggests the four companies have made offers of between £60 and £70 million pounds.
The deadline for the next round of bids is mid-March.
Ananda Krishnan is thought to be the third-wealthiest man in Southeast Asia and his company, Astro, broadcasts over 100 TV channels across Malaysia and Brunei.