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Grass Valley sale stalls

November 13, 2009

Thomson is struggling to agree terms for the sale of its Grass Valley facility to US investment fund Platinum Equity, according to reports.

French newspapers say the fund and the group are at odds on the level of financing required to fund the restructuring of Grass Valley Group. Other companies might be looking at the unit, but no serious talks had been embarked on.

"Thomson is pursuing discussions for the disposal of Grass Valley activities," spokeswoman Marine Boulot said. "It is premature at this stage to anticipate the outcome of the discussions." Thomson had initially hoped to complete the sale by early September.

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