Doughty Hanson preferred bidder in €250m TV3 buyout

Private-equity firm Doughty Hanson has emerged as the favourite to buy Irish television station TV3 for more than €250 million.

The London-based Doughty Hanson is expected to be selected by CanWest as the preferred bidder for the 55 per cent stake in TV3 put up for sale by the Canadian broadcaster and the Irish station’s founders. The remaining 45 per cent stake is held by British broadcaster ITV.

Under a complex shareholders’ agreement, ...