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Liberty Global reportedly readying ITV takeover bid

on Aug 31, 2014 | 0 comments

By Stephen Lepitak

ITV is reportedly the subject of interest from Virgin Media owner Liberty Global, which could mount a takeover bid.

The Telegraph claims that the media company owned by billionaire John Malone, is canvassing investors ahead of speaking to the board at ITV, with the main stumbling block apparently the price of the Channel 3 broadcaster.

Liberty Global bought BSkyB’s last remaining 6.4 per cent stake in ITV for £481m.

The move was speculated earlier in August by Channel 4 boss, David Abraham during his MacTaggart Lecture, where he said; “Liberty and other US share­holders are trying to play Read full story ›

Source: The Drum