19th Sep 2014 05:48
LONDON (Alliance News) - Liberty Global PLC is looking to damp expectations that it could make a bid for ITV PLC amid investor concerns about a potential acquisition of the broadcaster, the Financial Times reported on Thursday.
Mike Fries, chief executive of Liberty Global, the cable group headed by Australian mogul John Malone, told a recent investor conference that the investment made in ITV "does not portend anything with that company", the FT said.
Jim Ryan, the head of strategy for Liberty Global, has also recently played down rumours of potential content acquisitions by the group, saying last week that investments such as ITV were "ancillary" to Liberty's main cable business, the paper said.
Liberty bought a 6.4% stake in ITV in July for GBP481 million, sending shares in the FTSE 100 company up to a 14-year high.
http://www.ft.com/cms/s/0/a583de12-3f48-11e4-984b-00144feabdc0.html?ftcamp=crm/email/2014919/nbe/UKBusiness/product&siteedition=uk#axzz3DjkWTqo1
By Sam Unsted; [email protected]; @SamUAtAlliance
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