TV3-owner Liberty ups ITV stake to 9.9%

European cable operator Liberty Global said yesterday it had raised its stake in ITV to 9.9% through a hedging deal — but still had no intention of taking over Britain’s biggest free-to-air commercial TV firm.

TV3-owner Liberty ups ITV stake to 9.9%
Sat, 01 Aug, 2015 - 01:00
Paul Sandle

Liberty Global owns cable operator UPC which earlier this month confirmed it bought TV3 for a price of up to €87m.

Liberty — which also owns pay-TV company Virgin Media — took a 6.4% stake in ITV a year ago. In September it said it had no plans to increase the holding.

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Courtsliberty globalITVTV3Place: BritainPlace: EuropePlace: IrelandPerson: John MalonePerson: Ian WhittakerPerson: Doughty HansonOrganisation: TV3Organisation: LibertyOrganisation: ITVOrganisation: Liberty GlobalOrganisation: rsquoOrganisation: UPCOrganisation: Virgin MediaOrganisation: Liberty Media CorpOrganisation: Discovery CommunicationsOrganisation: Talpa MediaOrganisation: SkyOrganisation: LiberumOrganisation: TV3 GroupOrganisation: ReutersOrganisation: Irish
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