The most important investor in ITV is promoting half its stake amid rumours of a takeover.
Liberty Global has owned round 10 per cent of the broadcaster since 2015.
However the US media giant, led by telecoms tycoon John Malone, stated final night time it was promoting about half of its stake, value round £140million.
BNP Paribas and Deutsche Financial institution are engaged on the deal. Liberty had been tipped as a potential purchaser of ITV given its giant shareholding, or a main participant in any takeover.
Shares in ITV, which closed flat at 74.55p final night time earlier than the Liberty announcement, have misplaced two-thirds of their worth since Liberty first purchased its stake.
The agency has confronted intense competitors from US streamers similar to Netflix.
Loss: Liberty Global, led by telecoms tycoon John Malone (pictured), stated final night time it was promoting about half of its stake in ITV, value round £140m
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Simple investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and funding concepts
interactive investor
interactive investor
Flat-fee investing from £4.99 per 30 days
InvestEngine
InvestEngine
Account and buying and selling fee-free ETF investing
Buying and selling 212
Buying and selling 212
Free share dealing and no account charge
Affiliate hyperlinks: If you happen to take out a product That is Cash could earn a fee. These offers are chosen by our editorial crew, as we expect they’re value highlighting. This doesn’t have an effect on our editorial independence.
