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Read this: Murdoch’s BSkyB Said to Join Discovery in Channel 5 Offer (2) - Businessweek

Summary: Desmond, who initially sought more than 700 million pounds for the station, has also considered an initial public offering for the channel instead of selling, people familiar with the plan said this month. BSkyB and Discovery are close to buying Channel 5 for 350 million pounds 585 million, according to Broadcast magazine. Representatives at BSkyB, Discovery and Viacom declined to comment. -

Read full article: link icon  Murdoch’s BSkyB Said to Join Discovery…

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