The Weather Channel's possible buyers
The Wall Street Journal reports that Time Warner Inc. and a partnership between General Electric Co.'s NBC Universal and Blackstone Group LP have emerged as leading contenders to win an auction for the Weather Channel.
Bids are due Friday and the price is expected to between $3 billion and $4 billion.
Several companies that had expressed interest in the Weather Channel and its related businesses in March are seen as unlikely contenders now, including CBS Corp., Liberty Media Holding Corp. and Comcast Corp., according to people familiar with the situation.
To read the full story click here.
Bids are due Friday and the price is expected to between $3 billion and $4 billion.
Several companies that had expressed interest in the Weather Channel and its related businesses in March are seen as unlikely contenders now, including CBS Corp., Liberty Media Holding Corp. and Comcast Corp., according to people familiar with the situation.
To read the full story click here.
posted by Kelly at
5/23/2008 09:16:00 AM
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