In February 2007, Chrysalis confirmed media speculation that it was reviewing the entire radio operation at its investors' request. Further media speculation from "The Guardian" suggested that the group had little option, due to shareholder pressure, to sell its radio arm, including LBC, raising up to £200 million for new acquisitions, while "The Daily Telegraph" suggested that it could be the subject of a management buyout. Subsequently it was announced on 25 June 2007 that LBC along with its sister stations The Arrow, Heart, and Galaxy network were to be sold for £170 million to Global Radio by the Chrysalis Group, whose Chrysalis Radio operation closed down. In December 2008 the station moved to the Capital London studios in Leicester Square.