SMG and UTV in £400m merger talks

The owners of Virgin Radio and talkSport were today in talks over a merger thought to be worth around £400m (€588m).

SMG and UTV in £400m merger talks
Fri, 18 Aug, 2006 - 14:56

The owners of Virgin Radio and talkSport were today in talks over a merger thought to be worth around £400m (€588m).

Virgin owner SMG said it has received a merger proposal from Ulster TV after months of speculation that UTV was interested in making a takeover bid.

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