Get the latest gossip
ITV Stock Surges Amid Talk Of Takeover Or Sale Of Production Behemoth ITV Studios
ITV's stock has surged more than 14% after a Sky News report suggested that bosses are entertaining talk of a sale or carve up.
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. Sky News reported that ITV CEO Carolyn McCall has discussed the merits of a sale or divestment with the company’s financial advisers, but no formal proposals are on the table.
Or read this on Deadline