BusinessBusiness RecoveryMicrosoft named as bidder for ITV Digital

Microsoft named as bidder for ITV Digital

Microsoft may be launching a plan to rescue the beleaguered pay-TV operator, according to reports over the weekend.

In a report published in the Observer newspaper, Microsoft has been named as one of several trying to rally a consortium to buy the failed television channel.

Although the Redmond giant has refused to comment on the plan it has already taken stakes in UK cable firms, NTL and Telewest.

ITV Digital’s administrators, Deloitte & Touche, has confirmed that there are 60 unnamed buyers interested in saving the company and it has enough cash to keep running until next week.

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