News: Ten Network responds to takeover talk

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Ten Network Holdings Limited (ASX:TEN) has again responded to rising speculation surrounding a possible takeover. 

 

The television broadcaster says it has established an independent board committee to consider a number of proposals it has received. 

 

While Ten has not named the bidders media reports this week suggested Foxtel and Discovery Communications had made a new offer. 

 

Ten says talks are continuing which may or may not result in a deal and the company has also cautioned in dealing its shares on the basis of speculation. 

 

Ten Network Holdings reported a net loss of $163.46 million in the 2014 financial year.