By Jennifer Faull

Liberty – which owns Virgin Media – upped its stake to 9.9 per cent having last September bought BSkyB’s 6.4 per cent stake in ITV for £481m.

The company has been on a buying spree in Europe over the past 10 years, namely on cable assets, but more recently has focused its attentions on acquiring stakes in content producers.

The move to own content would give Liberty rights to shows such as Coronation Street, Mr Selfridge and Downton Abbey which it could then use within its own pay-TV packages.

Rumours of a full takeover have circulated since it bought BskyB’s Read full story ›

Source: The Drum