MX23RW : Thursday, May 19 09:32:14| >> :600:1299100:1299100:

Channel 4 sale to raise £2 billion?

Channel 4 sale to raise £2 billion?
© Channel 4
The sale of Channel 4 could reportedly raise as much as £2 billion, double the government's initial estimates.

The privatisation of Channel 4 could raise as much as £2 billion, it has been reported, as the sale process gets underway.

Culture secretary Nadine Dorries launched a government white paper last week confirming that the broadcaster will be sold - despite 96% of respondents to a public consultation being against the proposals.

Initially the government had hoped to raise around £1 billion from the sale, but The Sunday Times says that offers in the magnitude of £2 billion are now expected.

According to the newspaper, bank JP Morgan have been advising the government on the sale and have already fielded "more than two dozen expressions of interest".

Among those thought to be in the running are ITV, Comcast-owned Sky, Warner Bros. Discovery and the French firm Vivendi, owner of Canal+.

ID:484368:1false2false3false:QQ:: from db desktop :LenBod:collect956:

Follow us on Twitter @SMEntsFeed and like us on Facebook for the latest entertainment news alerts.


Click here for more stories about Nadine Dorries

Collect / Create New Data
Share this article now:
Did you know...?
Channel 4 HQ at Horseferry Road
Read Next:
Nadine Dorries confirms plan to privatise Channel 4
>

rhs 2.0
New TV Picks header

Thursday, May 19


Citizen Kane: BBC Four, 9pm
Orson Welles stars as a newspaper mogul with political ambitions in this 1941 masterpiece

EastEnders: BBC One, 7.30pm
It's crunch time for Linda - will she accept Janine's offer?

Crime Scene Collection: BritBox, from 12am
Featuring programmes such as Psychopath with Piers Morgan, The Trial of Louise Woodward and In the Footsteps of Killers

Celebrity Juice: ITV2, 10pm
This week with guests AJ Odudu, Joel Corry, Tom Read Wilson and Aston Merrygold