As more speculation of a takeover of ITV comes around, the broadcasters shares rose to a record high this week. On reports that Virgin Media owner Liberty Global have been sounding out ITV shareholders about its options, shares of ITV rose 3.6% to 218.7p.
Liberty Global bought a 6.4% share in the DTG Member in July and ruled out bidding for any more of a stake in ITV for at least six months, however some analysts think the company will move sooner than this to head off the threat of a bidding battle.
Financial advisors Merrill Lynch said "We believe the next logical step would be for Liberty to secure a blocking stake of circa 20 per cent which would allow it to determine the future of ITV."
This speculation of a takeover comes amid growing pressure for a change of law that would make UK pay-TV operators pay fees for retransmitting terrestrial channels; a US-style of fees which would result in a double-digit upgrade to ITV's earnings.
We're certainly going to keep an eye on the progression of any ITV takeover.
DTG Staff | 02.09.2014