Senior management at NewMedia Spark, the internet incubator, has cast doubt on the prospect of a German bank's rival bid for Spütz, the financial services company.
The bidding war for Spütz, whose management encouraged shareholders to reject NewMedia Spark's €8.50 ($7.70)-a-share offer, has stepped up a gear. Spütz said in a statement that it had received from a renowned, German listed bank an "attractive takeover bid", which will be announced in the next eight days.
