NEWS Liberty Media has withdrawn its £220m cash offer for Telewest bonds along with three directors from the board of the struggling cable company. The media investment vehicle headed by John Malone said that ploughing huge sums into Telewest would not be in the best interests of Liberty. The directors who have been withdrawn from the board are the subject of a lawsuit claiming they failed to reveal information about their company's relationship with Telewest.
Liberty pulls out of Telewest bond deal
The latest in the saga...
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