TV3 close to naming buyer for 45% stake

TV3 has said the search for a buyer of the 45% of the company put up for sale by Canadian media group CanWest earlier this year is in “the final stages”.

The broadcaster confirmed there are three bidders in the frame to gain co-control of the station, in which ITV also holds a 45% stake.

The final formal bid deadline passed last month. Setanta Sports and BSkyB pulled out of proceedings prior to the final round.