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The BBC said it was still in discussions with Woolworths Group regarding the purchase of its joint venture, distribution business 2Entertain, following reports that Woolworths' stake in the business was at risk of also being put into administration.
"We're still in talks with Woolworths and hope for a good conclusion," said a spokeswoman for BBC Worldwide, the broadcaster's commercial arm, which owns 60% of 2Entertain.
According to the Reuters news agency, she said a report in the Times newspaper which said Woolworths' stake in 2Entertain was likely to be in administration by the end of the week was "categorically untrue". "Our view is it is not going to go into administration, you can't put a stake into administration," she said. "Even if the group went into administration, the business is still highly profitable and would not in itself be put into administration."