Liberty Global Buys 6.4% Stake In ITV; Pays $824M For BSkyB’s Holding

John Malone’s Liberty Global has been on an acquisitions spree in Europe over the past year, and while the company says it does not intend to make a takeover bid for the whole, it has purchased a 6.4% stake in the UK’s leading commercial broadcaster ITV. Liberty has acquired 259.8 million shares in ITV from BSkyB for approximately £481M ($824M), the company said in a statement early Thursday morning.
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This article was printed from https://deadline.com/2014/07/liberty-global-buys-6-4-stake-in-itv-pays-824m-for-bskybs-holding-805450/