Liberty Global, owner of Virgin Media, has confirmed its purchase of a small stake in ITV from BSkyB for approximately GBP 481 million. As a result of this investment, Liberty Global will own approximately 6.4% of the UK’s leading commercial broadcaster.
“This is an opportunistic and attractive investment for us in our largest cable market,”comments Mike Fries, Liberty Global’s Chief Executive Officer. “ITV is the leading commercial broadcaster in the UK and we’re excited to be shareholders.
Source: http://cablequest.org/news/telecom-news/item/5520-cq-liberty-global-acquires-6-4-stake-in-itv.html
Source: http://cablequest.org/news/telecom-news/item/5520-cq-liberty-global-acquires-6-4-stake-in-itv.html
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