24th Jan 2017 16:03
LONDON (Alliance News) - Major shareholders of UK broadcaster ITV have been sounded out by US tech names Apple Inc, Amazon.com Inc, and Netflix Inc, the Evening Standard reported Tuesday, citing "sources" and "chatter" in the City.
The report said the US companies are willing to pay 300 pence per share, valuing ITV at around GBP12 billion. Sources said the interest could prompt ITV shareholder Liberty Global PLC, which owns Virgin Media in the UK, to make a bid for the entire company, according to the Evening Standard.
Liberty has built up a near 10% stake in ITV, sparking speculation it could be interested in a takeover.
Shares in ITV were up 4.6% at 210.57 pence late Tuesday.
http://www.standard.co.uk/business/market-report-buzz-in-square-mile-as-us-suitors-eye-itv-takeover-a3448306.html
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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