Timeweave ponders 50m bid from Mayfair Capital

Timeweave, which owns a 50 per cent stake in racecourse TV Channel TurfTV, has received a takeover offer valuing the firm at 50m pounds.

Timeweave, which owns a 50 per cent stake in racecourse TV Channel TurfTV, has received a takeover offer valuing the firm at 50m pounds.

The offer from Mayfair Capital, for 22p per share, was 14% above the share price at the close on Wednesday, the shares have now caught up and are trading at 22.25p.

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