Endemol in talks to join Setanta investors - paper
LONDON, June 14 (Reuters) - Television production company Endemol is in talks to join a consortium planning to invest in Irish sports broadcaster Setanta, the Sunday Telegraph newspaper reported without citing sources.
Endemol, maker of the popular Big Brother reality TV show, could not be reached for comment.
According to the Telegraph, holders of Setanta's payment-in-kind debt are also likely to participate in the deal.
Setanta was engaged in emergency refinancing talks last week and has suspended signing up new subscribers. It hit trouble after signing sports rights but failing to attract the number of subscribers it needed to cover the cost.
The BBC reported on Friday that the group had entered talks with Len Blavatnik, a U.S. billionaire whose interests include sports television in Israel, over a potential 20 million pound investment in return for a 51 percent stake.
(Reporting by Myles Neligan; editing by John Stonestreet)
((myles.neligan@reuters.com; +44 207 542 13 73)) Keywords: SETANTA/ENDEMOL
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