22nd Dec 2015 08:18
LONDON (Alliance News) - Shares in ITV PLC were giving back Monday's gains early Tuesday, following a report in US entertainment trade magazine Variety that US media giant Comcast has dismissed a UK press report that it is considering a GBP11.0 billion bid for the British broadcaster.
"We don't comment on M&A rumors but the speculation on ITV is just completely inaccurate," spokesman John Demming told Variety.
The Mail on Sunday had reported that talks had been held between ITV and Comcast?s TV and film arm NBCUniversal, sending shares in ITV up on Monday.
ITV and NBCUniversal both declined to comment to the Mail on Sunday, the original report said.
Shares in ITV were down 1.0% at 268.90 pence on Tuesday morning.
http://variety.com/2015/tv/global/itv-comcast-bid-reports-1201666007/
By Samuel Agini; [email protected]; @samuelagini
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