Liberty Global Acquires 6.4% Stake in ITV

Liberty Global (NASDAQ: LBTYA) announced today that it has acquired 259.8 million shares in ITV plc (“ITV”) from British Sky Broadcasting Group plc for total consideration of approximately GBP 481 million. As a result of this investment, Liberty Global will own approximately 6.4% of ITV. Mike Fries, Liberty Global's Chief Executive Officer, commented “This is an opportunistic and attractive investment for us in our largest cable market. ITV is the leading commercial broadcaster in the U.K. and we're excited to be shareholders.” See full press release