Creative Broadcast Services Ltd., which is made up of Macquarie Capital Alliance Group and Macquarie Bank Ltd., is buying BBC Broadcast from the BBC for 166 million. Macquarie Capital Alliance Group owns 65% of Creative Broadcast Services Ltd. while Macquarie Bank Ltd. owns the other 35%. The transaction is subject to approval from the British government, and is expected to reach completion by the end of July.
"Creative Broadcast Services is committed to growing BBC Broadcast as a business and maintaining a long-term partnership with the BBC," said BBC Head Mark Thompson. "I'm confident this will allow us to maintain the strong relationships which already exist between the BBC and BBC Broadcast."
Macquarie Capital Alliance's equity in the consortium comes from part of the A$1 billion that it got from its recent IPO. Macquarie Bank has 40 million pounds in the consortium.
Chris is a staff writer for latest ebusiness news. 
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