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Read this: Richard Desmond leads Channel Five bidders | Media | guardian.co.uk

Summary: Richard Desmond has claimed to have a 1bn pot to spend on acquisitions. However, there are understood to still be two other bidders in the running, including Channel 4. Desmond, who has made it clear he has a 1bn pot to spend on acquisitions, was spotted at the offices of media regulator Ofcom on Thursday last week, fuelling the belief that he is serious about completing a takeover. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  Richard Desmond leads Channel Five bidde…



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