Monday, January 05, 2009

Greek millionaire on the lookout for Uk media assets

This morning's FT is reporting that Greek millionaire Theodore Kyriakou is planning to buy up the UK's media with a war chest of £2bn.

Quite what he intends to buy it seems is not obvious although he has said that he is not at all interested in the newspaper industry.

£600m of his war chest came from the sale of his Bulgarian Antenna TV company, to Modern Times Group of Sweden late last year

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