does anyone know of any recent news regarding bid speculation etc.

sp has been ticking up steadily over the last 3/4 weeks

there you go ...... 68p offer; sold out at 66.5p ...... thank you very much!

I have had mine for some time.Bought in at 64 so glad to get out alive
http://www.investegate.co.uk/Article.aspx?id=200612151538130373O

Am going to hang on & see if the proposed takeover boosts the sp further.
68p is what Sky have offered, per share.
Question is, do I really want Sky shares?

see no point in hanging on unless you think someone will trump that offer .... BSB are offering cash!

No, I don't think anyone will start a bidding war with Sky.
But, it may well be that 365's market base will increase dramatically under Sky's ownership, thus increase revenue & profitability.
My holding is only 3000 shares, so my current profit is not going to pay the mortgage. Am tempted to hold & see what the future brings.

one might equally say that such a small stake (2k) is ulikely to grow significantly either, so the money may well be better placed elsewhere

It would appear that Sky Media are offering to pay holders of 365 Media 68p per share. They are not offering Sky shares in lieu. They are also offering loan notes, but it would appear that most internet trading, nominee account holders will not be able to hold these with an an internet broker.
So, for anyone holding, the options are very limited. But it is my understanding that 365 Media will cease to exist. As it is unlikely, imo, that anyone else will gazump the Sky offer, 68p is the final bid price.

I thought I might as well accept the 68p per share which SKY was offering, so I sat tight & let my broker sort out the paperwork.
The final date was originally 2nd Jan '07, but this was extended to 16th Jan to allow people to decide if they wanted loan notes or not. I was then advised that my money should be returned to me in approx 2 weeks (i.e. end Jan). I am now advised that due to legal wrangling & complications the funds will not be returned to the broker (& my account) until march at the earliest. That will be nearly 3 months from the time the shares were withdrawn to the time I get my money.
I have a good mind to charge them interest, 'cos Mr Murdoch has effectively got my cash. Should have cashed them in before takeover, but we live & learn.
Presumably all other holders out there are suffering the same problems?