New hope for Setanta

US-based tycoon Len Blavatnik is working on a £20m (€23.45m) 11th-hour rescue deal for pay-television firm Setanta, it was reported today.

New hope for Setanta

US-based tycoon Len Blavatnik is working on a £20m (€23.45m) 11th-hour rescue deal for pay-television firm Setanta, it was reported today.

Mr Blavatnik is offering to buy 51% of Setanta in a move that could help secure the future of the cash-strapped Irish firm as it seeks to stave off administration, according to reports.

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