BSkyB set to buy online company 365
Fri Dec 15, 2006 1:21 PM GMT
LONDON (Reuters) - Satellite broadcaster BSkyB (BSY.L: Quote, Profile , Research) is in advanced talks to buy the online sports information and gaming firm 365 Media Group Plc (365.L: Quote, Profile , Research) for 94 million pounds, the Times reported on Friday.
The two companies would not comment on the report. 365 Media Group said on October 5 it had received a number of informal bid approaches.
Shares in BSkyB were down 0.9 percent at 1 p.m. at 522.5 pence while shares in 365 were up 2.3 percent to 65 pence giving it a market value 93 million pounds.
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