A bid to turn the Millennium Dome into a haven for fledgling and established technology companies has been rejected by the UK government.
Legacy, a consortium put together by property developer Robert Bourne, had wanted to turn the Dome, which is located on the banks of the river Thames in London, into a hi-tech campus for telcos, IT firms and online businesses.
But despite fierce lobbying by Legacy to convince it otherwise, the government has come down in favour of the rival consortium led by Japanese finance house Nomura which will keep it as a leisure attraction.
Nomura recently concluded a deal with the BBC to bring the broadcaster's successful Walking With Dinosaurs TV programmes to life in the Dome. It is reported to be willing to invest £200m over and above the £105m it bid for the 50-acre site.
The winning consortium's plans for the Dome are said to include new zones, a new entrance and an adventure playground, as well as shops and a hotel outside the main structure.
Microsoft receives a 30 per cent cut of all purchases on the Xbox digital store
Credit card thieves used Apple ID accounts to buy and sell virtual currency for Clash of Clans and Clash Royale and Marvel Contest of Champions
$5.1bn fine further evidence that the EU is anti-US, claims Trump
New cable will connect Virginia to France