NTL Bidding For ITV: A Bad Idea
Shares of NTL Incorporated got a well deserved 5% spanking yesterday after last week’s rumors of the company’s interest in a takeover of leading UK broadcaster ITV apparently turned into reality. UK newspapers are reporting that NTL will offer about $9 billion for ITV or roughly 13 times 2007 EBITDA estimates. NTLI shares are now […]
