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July 23, 2007
Blavatnik to Buy Web Sports' Premium TV for £25M
US-based billionaire industrialist Len Blavatnik has announced that he is buying Premium TV for £25M ($50M). The company manages video-based websites for several sports groups such as Chelsea Football Club and the Premier League. Premium TV was once a subsidiary of NTL (now Virgin Media). However, in 2002 NTL filed for bankruptcy and Premium TV was bought by Quest Turnaround Advisors.
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Posted on July 23, 2007 08:27 AM | Posted to Broadband Networks | Permalink
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