LONDON (Reuters) - TV-over-broadband firm HomeChoice could be set to merge its video-on-demand operations with the British arm of Italian Internet giant Tiscali, the Daily Telegraph reported on Thursday.
The paper, which gave no source, said the "complex" transaction could value the Video Networks division at around 100 million pounds.
Almost 10 months ago HomeChoice, which is controlled by Microsoft co-founder Chris Larson, warned that it could run out of money within a year unless it secured new funding. Earlier this year media reports said the entire business was up for sale with a price tag of around 200 million pounds.
http://www.telegraph.co.uk/money/mai.../cnvideo10.xml
The paper, which gave no source, said the "complex" transaction could value the Video Networks division at around 100 million pounds.
Almost 10 months ago HomeChoice, which is controlled by Microsoft co-founder Chris Larson, warned that it could run out of money within a year unless it secured new funding. Earlier this year media reports said the entire business was up for sale with a price tag of around 200 million pounds.
http://www.telegraph.co.uk/money/mai.../cnvideo10.xml




). Tiscali, we'll have to wait and see.