COMPANIES Woolworths’ pensioners risk missing out on an expected £50m after BBC Worldwide cut the amount it is prepared to pay for the joint venture between the broadcaster’s commercial arm and the failed retail group.
2Entertain, which publishes DVDs, is held 60 per cent by BBC Worldwide and 40 per cent by Woolworths. The broadcaster was prepared to pay more than £100m for Woolworths’ stake just before the retailer collapsed into administration but has cut its indicative offer to about £40m, according to a person close to the talks.
