BBC Broadcast Sold For $303 Million

BBC Broadcast, the European multimedia service of the BBC, has been bought out by an Australian consortium…

The Macquarie Capital Alliance Group-led Creative Broadcast Services Ltd consortium, which includes Macquarie Bank, will acquire BBC Broadcast.

Bloomberg: BBC Broadcast’s activities include electronic program guides, subtitling and video-on-demand services through broadband and mobile phones. The BBC concluded last year that while it needed such services, it didn’t need to own the unit.

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