Six bid for Entertainment Rights - Licensing.biz

Six bid for Entertainment Rights

Telegraph says six offers have been made, including from Spectrum, the third largest shareholder in the firm.
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Just a few days after Entertainment Rights was fined £245,000 by the Financial Services Authority, The Telegraph has reported that six offers have now been made for all or parts of the troubled company.

Latest names in the frame are understood to include Spectrum Equity, which is the third largest shareholder in ER.

The Telegraph reported that Spectrum Equity is thought to have teamed up with co-founder of Classic Media, Eric Ellenbogen. Spectrum, which owns a 9.12 per cent stake in ER, was one of Classic Media's major shareholders prior to its acquisition by ER in 2007.

Other names in the frame include Hit Entertainment and Cookie Jar, as previously reported here on Licensing.biz, plus Saban Capital and TV-Loonland.

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