ITV Friends sale referred by OFT

ITV has said it is "disappointed" by the OFT's decision to refer the planned acquisition of Friends Reunited by Brightsolid Group to the Competition Commission.
ITV is trying to sell Friends Reunited to Brightsolid, a subsidiary publisher DC Thomson, in August for 25 million (E28m) - taking a hit of 145 million.
The OFT said Brightsolid, which runs websites Find My and 1911, and Friends Reunited which owns Genes, are "two of the three largest suppliers of online genealogy services in the UK".