The company have been looking for a backer since executive chairman Lord Alli approached 3i a couple of months ago.
Chorion have since declined to comment.
Saturday, 26 March 2011
Chorion's backing up for Hit goes underway
Chorion the children's character company has started it's search for a backer to purchase a stake from 3i till making a bid on Hit Entertainment.
The company have been looking for a backer since executive chairman Lord Alli approached 3i a couple of months ago.
Chairman of Hit Entertainment, Greg Dyke has spoke out saying that he dosen't plan to step down from the company just yet, but predicts that a new management team would surface when the new buyer is confirmed.
Chorion have since declined to comment.
The company have been looking for a backer since executive chairman Lord Alli approached 3i a couple of months ago.
Chorion have since declined to comment.
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