BSkyB talks over Tiscali's UK business stall

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TeamPlayer

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Talks between BSkyB and Tiscali over the acquisition of the Italian group's UK business have hit the rocks after a disagreement over price.

Following a period of due diligence in the past six weeks, sources said that BSkyB was not willing to pay anywhere close to the mooted £450m price tag, with the price it was offering closer to £350m.

Sources close to BSkyB, run by chief executive Jeremy Darroch, said last night that talks had ended and "the ball is now in the Italian's court".

Tiscali management are now understood to be in crucial talks to decide whether they will sell the business, although BSkyB sources are not expecting their latest offer to be accepted.

Telegraph
 

Luq

Yellow Belt
Thanks for sharing the news. I hope Tiscali management we accept the offer in the crucial talks if the offer is good for them.
 
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