Liberty Global Acquires ITV Stake From BSkyB for $824 Mln

itvCable billionaire John Malone bought a stake in ITV Plc (ITV), the biggest U.K. commercial broadcaster, deepening his foray into TV programs and production.

Malone’s Liberty Global Plc (LBTYA:US) acquired 6.4 percent of London-based ITV from British Sky Broadcasting Group Plc (BSY) for 481 million pounds ($824 million), paying 185 pence a share. ITV jumped as much as 9.4 percent in London. Liberty Global said it doesn’t plan to make a full takeover bid for now.

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