New York-based Access Industries said Friday that it is bidding for control of Setanta, the troubled sports pay TV operation.
Setanta, whose biggest operations are in Britain, said Wednesday that it had stopped accepting subscribers after defaulting on several payments.
Access Industries, based in New York, said it had submitted a proposal to refinance the company but gave no details.
The British Broadcasting Corp. reported that Access had offered 20 million pounds for a 51 percent stake.
"The Access proposal is subject to a number of preconditions being met. Access believes that this proposal would secure the future of the …
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