| Communicorp’s acquisition of five radio stations from EMAP, including Today FM, FM104 and Highland Radio was notable in that it involved the sale of five separate businesses, and in that it saw a hectic and complex bidding process prior to the deal, involving a long list of final underbidders. The deal, valued at €200 million represented an attractive price for the vendor, but the acquirer, Communicorp, has subsequently also been able to demonstrate value, judging by prices achieved in the sale of parts of the package. |
