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BT Tipped for TV M&A

5:30 AM -- BT Group plc (NYSE: BT; London: BTA) is rumored to be considering a takeover bid for sports satellite TV broadcaster Setanta, which provides key live sports content for the British operator's IPTV service, BT Vision. (See BT Pushes Soccer Service and BT Scores Soccer Deal.)

According to media reports, BT isn't the only interested party. Irish firm Setanta is also a very important partner for cable operator Virgin Media Inc. (Nasdaq: VMED), which has been identified as a potential buyer. (See Virgin Media Gets Sporty.)

If a bidding war breaks out, the winner can expect to pay anything up to $1 billion to land the prize.

— Ray Le Maistre, International News Editor, Light Reading

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