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Brexit vote hits ITV shares, could become takeover target

Monday 27 June 2016 | 17:04 CET | News
UK commercial broadcaster ITV has seen its stock market value fall by around GBP 2.5 billion since the vote to leave the EU, raising City speculation that it could become a takeover target, reports The Guardian. As of noon on Monday 27 June, ITV's share price had dropped to 164p, down from 220p before the Brexit vote. This has forced its market capitalisation down from GBP 9 billion to around GBP 6.5 billion, leading to speculation from City analysts that overseas media companies might consider an opportunistic bid for the broadcaster if its share price and the British pound continue to all.

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Categories: Broadcast & Satellite
Companies: ITV
Countries: United Kingdom
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