ITV Stock Surges Amid Talk Of Takeover Or Sale Of Production Behemoth ITV Studios
deadline.comITV‘s stock has surged more than 14% after a Sky News report suggested that bosses at the UK television giant are entertaining talk of a sale or carve up.
ITV’s share price has climbed since Friday, when speculation in London began to mount that interested parties were circling the European broadcasting behemoth.
At the time of publication, ITV’s stock was valued at just under 72p, giving the company a market cap of £2.75B ($3.46B). Sky News City editor Mark Kleinman, one of the best-connected financial journalists in the UK, reported that Formula One owner CVC Capital Partners and France’s Groupe TF1 are eyeing ITV.
RedBird IMI-owned All3Media and Mediawan, which recently acquired Leonine, were also said to be interested in taking control of ITV Studios, the production giant behind Rivals and Love Island.
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