Six Media Names On Weather Channel Suitors List; $5 Billion Asking Price Too High: Report
By Joseph Weisenthal - Thu 06 Mar 2008 07:57 AM PST
A few more details on the upcoming Weather Channel action… NYT reports that there are six media firms interested in buying the network: Time Warner (NYSE: TWX), General Electric (NYSE: GE) (NBC), CBS (NYSE: CBS) and Comcast (NSDQ: CMCSA), each of which was reported earlier this week, along with Disney (NYSE: DIS) and Liberty Media (NSDQ: LINTA). In addition PE firms Bain Capital, Providence Equity Partners and Madison Dearborn are interested, but may not be able to put together a serious bid. The other key point, which the report from earlier this week didn’t have, is that the $5 billion asking price is seen as too high, with $4 billion viewed as the ceiling.
Posted in: Companies, CBS, Comcast, Disney, NBC Universal, Time Warner, VC+M&A, Mergers & Acquisitions
