LONDON — The deal between Germany’s Kirch Group and beleaguered kidvidder EM.TV was not consummated by the March 15 signing date.
A company rep denied the date was a binding deadline and said the deal was on track to be signed by the end of March.
Deal calls for Kirch to take a 25% stake in EM.TV as well as half of its coveted stake in Formula One racing.
Onlookers suggest further delays could occur if EM.TV fails to deliver last year’s results by the March 31 stock exchange deadline. The Kirch deal turns on certain figures being reached; no details have been revealed.