LONDON: The UK's biggest radio group GCap Media has been told it must put on hold its controversial plans to quit digital radio technology while its potential suitor, Global Radio, decides whether to pursue its £371 million ($737m; €484m) acquisition bid.
The Takeover Panel responded to Global's disquiet when GCap announced its intention to sell its 63% stake in the Digital One multiplex to its minority partner, Arqiva.
GCap's move raised the spectre of a serious set-back to the future of DAB (Digital Audio Broadcast) radio, but Global's step is seen as signalling its commitment to the digital platform.
The Takeover Panel responded to Global's disquiet when GCap announced its intention to sell its 63% stake in the Digital One multiplex to its minority partner, Arqiva.
GCap's move raised the spectre of a serious set-back to the future of DAB (Digital Audio Broadcast) radio, but Global's step is seen as signalling its commitment to the digital platform.
Data sourced from The Times Online (UK); additional content by WARC staff
