2 Entertain - Ownership

Ownership

As of 2010 BBC Worldwide owns the whole company. At the time of Woolworths Group entering administration BBC Worldwide owned 60% of the company, while Woolworths Group owned 40%. The entry into administration of Woolworth's retail and distribution businesses in 2008 did not affect 2 Entertain, though the company entered into talks to sell its 40% share to BBC Worldwide. On 21 December 2008 The Daily Telegraph reported that the BBC had offered £40 million for the 40% stake in 2 entertain, and that the board of Woolworths agreed that BBC Worldwide should negotiate on the purchase direct with its bankers, GMAC and Burdale, rather than through the board. However The Daily Telegraph noted that a month previously the BBC had offered £110m for the 40% stake. In March 2010 BBC Worldwide announced that they had bought the remainder of the company for £17 million.

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