Broadcast News

Bookmark and Share

BBC Broadcast Ltd bidders revealed as sale process reaches next stage

The BBC has launched today the next stage of the sale process for its commercial subsidiary, BBC Broadcast Ltd.
The sale, which is subject to the final approval of the BBC Governors and Executive Board and the Secretary of State for Culture, Media and Sport, has attracted widespread interest from both financial and industry buyers.
Eighteen organisations of both kinds are being taken through to the next round, all of whom have demonstrated strong desire and credibility as potential buyers of BBC Broadcast.
The list of financial bidders includes: Advent International, Apax Partners Worldwide LLP, Bank of Scotland Corporate, Barclays Private Equity, Bridgepoint, Exponent Private Equity, HgCapital, Kleinwort Capital Limited, Montagu Private Equity, Palamon Capital Partners LP and The Carlyle Group.
There are also a number of organisations on the list of bidders in industries related to BBC Broadcast, including the Ascent Media Group and Thomson/Technicolor.
Peter Phillips, Director, Business Development, who is leading the sale for the BBC, commented: "We were really impressed with both the number and quality of companies expressing a serious interest in buying BBC Broadcast.
"We will shortly be beginning a rigorous evaluation of the eighteen bidders, including assessing their effectiveness as long term business partners of the BBC and their cultural fit, to produce a shortlist towards the end of May."
BBC Broadcast is Europe's leading expert in the distribution and promotion of multimedia content and it offers a comprehensive range of services to play-out, publish, promote and provide media access for content across all media, from television to mobile phones.
The sale follows on from the Corporation's internal review of its commercial businesses.
The review team concluded that, while the services provided by BBC Broadcast are vital to the BBC, they did not necessarily need to remain owned by the BBC.
The BBC believes that the combination of a new commercial owner and a partnership approach with the successful bidder will mean that the BBC can continue the strong relationship it has built up with BBC Broadcast.
A new owner will provide the business with opportunities for growth which are not available whilst it is owned by the BBC, but with the stability of an on-going contract in place with the BBC.
It is expected that the sale of BBC Broadcast and its management and staff to the successful bidder will take place by the end of the summer, subject to contract negotiations and regulatory approvals.
The BBC will be in full consultation with unions throughout the sale process.

Top Related Stories
Click here for the latest broadcast news stories.

Production News : Nominations Announced For RTS Scotland Awards 2016
The Royal Television Society (RTS) has announced the nominations for this year's RTS Scotland Awards 2016. The awards cover all forms of production in
Nominations For RTS Television Journalism Awards 2018 Announced
The Royal Television Society (RTS) has announced the nominations for the RTS Television Journalism Awards 2018. The awards ceremony, sponsored by Gues
RTS Announce Scotland Awards 2017
The Royal Television Society (RTS) has announced the nominations for the RTS Scotland Awards 2017. The awards cover all forms of production in Scotlan
RTS North West Announce Awards Shortlist
The Royal Television Society (RTS) North West Centre has announced the shortlist for its annual awards at an event hosted by CBBC presenter Lauren Lay
RTS Announces Nominations For North West Awards 2017
The Royal Television Society (RTS) North West Centre has announced the nominations for its annual awards, at an event sponsored by Audio Network. Cat
Production News - RTS Announces Craft & Design Awards Shortlist
The Royal Television Society (RTS) has announced the shortlist for the RTS Craft & Design Awards 2013/2014. The winners will be announced at a ceremon
Australian consortium Creative Broadcast Services agree to buy BBC Broadcast division
A contract has been signed with an Australian consortium, 'Creative Broadcast Services' to purchase BBC Broadcast in a deal put at £166 million that i
BBC Resources Limited Prepares For Sale
The BBC has announced that the process for the sale of its commercial subsidiary, BBC Resources Limited, has begun and an advertisement is to appear i
RTS Announces Winners Of Scotland Awards 2014
The Royal Television Society (RTS) has announced the winners of the RTS Scotland Awards 2014. Chaired by April Chamberlain, the awards cover all forms
Bectu concerned that BBC is 'selling family silver'
Bectu says that "unions remain concerned about the long-term impact on the BBC of 'selling the family silver' as officials have dubbed the process of
BBC Broadcast acquires Broadcast DataServices from BBC Worldwide
BBC Broadcast has bought BBC Worldwide Ltd’s subsidiary Broadcast DataServices (BDS). The deal adds BDS’s broadcast data and listings business to BBC
Four bidders through to next phase in sale of BBC Broadcast
The BBC has announced a shortlist of four bidders for the sale of BBC Broadcast Limited. The four companies which have been selected to enter the fina
BBC's business-to-business broadband capability launched
BBC Worldwide, the BBC’s main commercial arm, have launched BBC Preview – the first business-to-business broadband application that allows internation
BBC closes Technology deal with Siemens
The BBC has completed the procurement for a 10-year Technology Framework Contract (TFC) with Siemens Business Services, worth almost £2 billion. As pa
BBC Broadcast opens for business
BBC Broadcast Ltd have officially opened for business as the BBC's new commercial brand and business vision to the broadcast market. The company, the