"The Board of S4C Digital Media Ltd has announced that it has sold its shareholding in SDN Ltd ("SDN") to ITV plc ("ITV") for a net consideration of approximately £34 million in cash."
"SDN was purchased in April 2005 for £134 million (€150m) from a consortium of United Business Media and S4C. NTL Broadcast, which later became part of Arqiva, was also a shareholder"
Bargen! Beth yw gwerth SDN heddiw yn wyneb yr argyfwng economaidd? Y nesaf peth i ddim byswn i'n tybio! Go brin y byddai'n fwy na'r £3 miliwn o doriad yng nghyllideb S4C!
"ITV is looking to offload it as part of a series of cost-cutting measures designed to balance its books. The sale of SDN could raise about £200m (US$291.8m), according to reports."
"Investment bank Numis described SDN as an "excellent business" and a "hidden gem"" within ITV that generated £33m in revenue for the broadcaster in 2008."
Oes angen dweud?