BBC Worldwide acquires the remaining stake in 2entertain

BBC Worldwide has acquired the remaining 40 per cent stake in DVD distributor 2entertain, which prod

BBC Worldwide has owned 2entertain through a joint venture with Woolworths. It was keen on taking over the remaining shares after the chain went into administration in late 2008.

However, the deal was stalled when the two sides failed to agree on valuation and went to the court. The court of appeal gave clear guidance on how to value the stake late last year.

BBC Worldwide paid for the deal with cash from its reserves that had not come from the licence fee.