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Liberty Global increases stake in ITV to 9.9%

Friday 31 July 2015 | 10:36 CET | News
Liberty Global has purchased 138.7 million shares in UK commercial broadcaster ITV. This increases its existing stake to a total of 398.5 million shares or around 9.9 percent of ITV's ordinary shares. Liberty Global CEO Mike Fries said that ITV was a well-run company with attractive growth potential. Liberty Global first acquired a stake in ITV a year ago, buying 6.4 percent from Sky for GBP 481 million. The company said it was looking to cooperate with ITV on developing content for its cable networks. Liberty Global controls the UK cable operator Virgin Media, as well as cable networks

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Categories: Broadcast & Satellite
Companies: ITV / Liberty Global
Countries: United Kingdom
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