Negotiations for the sale of "Nashe Radio" exposed

Sale of Russian radio stations Rupert Murdoch - "Nashe Radio", Best FM and "Ultra" - can be delayed. As the "Kommersant", 50% of companies Multimedia Holdings BV, which owned the assets of Badri Patarkatsishvili, who died in 2008, owns. His heirs still figuring out the relationship in a British court. "The more I read about investments in Russia, the less I like it. More successful we are, the more likely it is that we have to steal it" Chapter News Corp. Rupert Murdoch promised to get rid of the Russian economy in August 2008. "The more I read about investments in Russia, the less I like it - by the Financial Times, the words of Mr Murdoch -. The more success we achieve, the more chance we have (Russian business -." B ") stolen. better we will sell it. "get bid for the Russian radio station News Corp. in 2009, in particular," Alfa Group "Mikhail Fridman and" AF Media Holding "Alisher Usmanov said sources close to them. Assessed the cost of "Nashe Radio", Best FM and "Ultra" at least $ 16 million, according to a representative of the "AF Media Holding", the company is not in formal negotiations connected. Interlocutor in the "Alfa Group", said that the talks "temporarily suspended." They lead to the lack of progress in negotiations discovered evidence of the structure of ownership of radio stations. "Our Radio" was founded in late 1998 as a joint project "Logovaz" Boris Berezovsky and News Corp. In 2006 Berezovsky announced that Badri Patarkatsishvili will buy the assets in their operations, the details of the transactions were not disclosed. As indicated potential buyers "Nashe Radio", about the same time Mr Patarkatsishvili went into a joint venture with Rupert Murdoch to share. This information was only known during the negotiations. Now the assets are the subject of the late entrepreneur study in a British court. "This is a strong argument for delaying the deal," - said a source close to the "Alfa Group". Mobile phones Boris Berezovsky and half-brother of the late businessman Joseph Kay, claiming to have the right to his property, not to react. Contact Badri Patarkatsishvili heirs failed to produce notes. Now radio News Corp. in Russia run by LLC "Radio NSN" ("Nashe Radio"), LLC "Radio Russia - Nostalgia" (Best FM), "Ultra-production" (radio "Ultra") and "Neuse Media" (operator ). According to "SPARK-Interfax," All companies are 100% owned by Multimedia Holdings BV registered in the Netherlands users. According to the Financial Statements News Corp. in 2009, it has a 50% stake in Multimedia Holdings. Moscow daily audience "Nashe Radio" for the October-December 2009, according to "TNS Russia", was 707,600, Best FM - 411800, "Ultra" - 123 900 According to "SPARK-Interfax," total revenue "Nashe Radio "Best FM," Ultra "and the management of the company for the year 2008 was more than $ 9,000,000, and net income - $ 88,000" The information about the presence of shareholders heirs Badri Patarkatsishvili was public, but a serious buyer should be aware of this for potential investors, such information -. in particular, the argument for lowering the price - ". jury Fedutinov General of Media Holding", "said the Director General of" Echo of Moscow United Media "Michael Berger argues that" the political component in buying stations close to zero "" But. there are doubts as to the affiliation of the shares, it is always a serious factor in the negotiations and is often by the purchaser as the reason for the discount, which is not considered, the seller agrees "- confirmed Mr Berger.