Liberty tunes out of ITV takeover bid

The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.

Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.

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