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13 Feb 2008 07:00
13 February 2008 UTV Media plc Acquisition of Tibus
UTV Media plc ("UTV") is pleased to announce that it has acquired the entire issued share capital of The Internet Business Limited ("Tibus"). The acquisition was effected through Holbeck Enterprises Limited, a dormant holding company which owns 100% of the issued share capital of Tibus.
Tibus will be integrated into UTV's New Media division which provides web development, design, interactivity, hosting, broadband and telephony services.
The total consideration for the acquisition was ‚£5M, financed from existing facilities.
For further information contact:
UTV Media plc:Paul O'BrienGroup Finance Director
Telephone: + 44 (0) 28 90 262098
Orla McKibbin
Head of Press and PR
Telephone: + 44 (0) 28 90 262188
UTV MEDIA PLC
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