The long-running flotation farce of Yes Television has finally ended its yo-yo career.

The disconsolate video-on-demand company, which last week cut its IPO price, has now cancelled its £140m flotation due to lack of interest from key investors whose former enthusiasm palled on Friday when technology stocks slumped in the wake of the debacle.

Those who have tears should be prepared to shed them now for merchant bankers Robert Fleming, advisors to Yes TV, said to be much displeased and embarrassed by the withdrawal..

News Source: CampaignLive (UK) [22/5/00]