BSkyB withdraws bid for Tiscali UK
Source: nma.co.uk | Author: Luan Goldie | Published: 22 December 2008 15:40
BSkyB has withdrawn its bid for Tiscali's UK business after the two companies disagreed over price, according to reports.
Tiscali is said to have expected £600m for its UK business, but the offer from BSkyB is around the £450m mark.
Carphone Warehouse and Vodafone have both previously looked at buying the Italian company, but its high price was cited as a reason for deals not being pursued.
If BSkyB picks back up the deal, it would go onto become Britain's third biggest broadband provider passing Carphone Warehouse-owned TalkTalk.
Tiscali has 1.8m UK broadband users.
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