Contenders to buy TV3 whittled down by bidding

The number of contenders vying to buy television station TV3 is expected to be whittled down to a handful after the second round of bidding closed last Friday.

The number of contenders vying to buy television station TV3 is expected to be whittled down to a handful after the second round of bidding closed last Friday.

Six players are believed to have submitted bids for 100 per cent of the company, which is reputed to be worth more than €200 million.

The candidates are believed to be television companies UTV, Setanta and BSkyB Ireland, private equity groups Doughty Hanson and Advent ...