Tiscali’s bid deadline improves share price

The news coming out of Italy is that Tiscali have put a deadline for initial bids for the company, this has been set at the 5th May, where all non binding offers for the business should be made, which clearly tells everyone that the company is up for sale.

This news has boosted the companies share price by around ten per cent on the day, but how the bidding will actually turn out is not known because there are companies interested in the UK division, while there are others interested in the Italian arm.

But as a whole the company is less attractive and even if the company was sold as one, there is no doubt that the company would be split.

In the UK the potential buyers for the UK division are Talk Talk, Vodafone, BT and BSkyB, currently Tiscali is the UK’s forth largest ISP and whoever takes then over will gain a big foothold in the UK broadband sector.

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