13 February 2008
UTV Media plc
Acquisition of Tibus
UTV Media plc ("UTV") is pleased to announce that it has acquired the entire
issued share capital of The Internet Business Limited ("Tibus"). The
acquisition was effected through Holbeck Enterprises Limited, a dormant holding
company which owns 100% of the issued share capital of Tibus.
Tibus will be integrated into UTV's New Media division which provides web
development, design, interactivity, hosting, broadband and telephony services.
The total consideration for the acquisition was £5M, financed from existing
For further information contact:
UTV Media plc:
Group Finance Director
Telephone: + 44 (0) 28 90 262098
Head of Press and PR
Telephone: + 44 (0) 28 90 262188