
Read this: Discovery and BSkyB may make joint bid for Richard Desmond's Channel 5 - Media - theguardian.com

Summary: And, according to the Financial Times, Discovery is in talks with BSkyB to join in the bid. However, bids for the channel, which are due next Thursday, may not meet Desmond's 700m valuation. To Murdoch's chagrin, Malone built up an 18 holding in News Corp in 2006. - theguardian.com
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