The Week: City news - Metro receives buyout bid

Metro International, the global free newspaper brand, has announced that it has received a potential buyout bid for the company.

It said that it had been informed of the offer by the shareholder Investment AB Kinnevik but added that there was no certainty that the interest would lead to a public offer for the company. News of the offer follows the closure of Metro International's operation in Spain last month and the announcement of fourth-quarter losses in 2008.