ITV 'no longer looking' to buy All3Media
Warner Bros Discovery Inc
$10.57
12:57 03/01/25
-0.84%
-$0.09
UK broadcaster ITV said it was no longer looking at buying TV and film production business All3Media, owned by Warner Bros Discovery and Liberty Global.
FTSE 250
20,591.40
17:00 03/01/25
n/a
n/a
FTSE 350
4,534.15
16:54 03/01/25
n/a
n/a
FTSE All-Share
4,490.88
17:14 03/01/25
n/a
n/a
ITV
72.60p
16:40 03/01/25
-1.43%
-1.05p
Media
12,876.91
16:54 03/01/25
-1.03%
-133.74
The company on Friday said it was "still monitoring" the situation.
"ITV assesses all potential value-creating merger and acquisition opportunities against its strict financial criteria and disciplined capital allocation framework," it added in a short statement.
Last month ITV, in which Liberty also has a 10% stake, said it was “actively exploring" a potential purchase of the maker of 'Fleabag' and 'Gogglebox' and estimated to be worth as much as £1bn.
Reporting by Frank Prenesti for Sharecast.com