You will be redirected back to your article in seconds

Private equity firm eyes ITV

Stock price rises as takeover speculation mounts

LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months.

The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster.

ITV’s stock price has shown the biggest gain of any top U.K. company during the past six weeks.

Wednesday the price rose by 6.6% to 72p ($1.15) as speculation concerning a possible bid emerged.

However, with an uncertain advertising outlook and ITV having recently largely completed an extensive cost-cutting program, analysts wondered how a private equity bidder could find value in the web.

Thursday ITV’s stock price fell back. At lunchtime the shares were trading at 70.7p ($1.13), down 1.74%.

More TV

  • Dirk Gently's Holistic Detective Agency

    'Dirk Gently' Star Samuel Barnett on High Fantasy and Season 2

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

  • Disney-ABC TV Chief on Weinstein's Victims,

    Disney-ABC TV Chief Ben Sherwood on Weinstein's Victims, Shonda Rhimes' Exit

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

  • RuPaul

    RuPaul Reveals the Queens Competing in 'RuPaul's Drag Race All Stars' Season 3

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

  • Donald Trump

    SAG-AFTRA Supports 'Unencumbered Press' After Trump's License Revocation Threat

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

  • Brent Briscoe Dead: 'Twin Peaks' and

    Brent Briscoe, 'Twin Peaks' and 'Parks and Recreation' Actor, Dies at 56

    LONDON — A private equity player could be considering a bid for ITV, the U.K. terrestrial web that has seen a turnaround in its fortunes during the past 18 months. The Financial Times reported Thursday that speculation in the City of London focused on rumors of takeover interest in the broadcaster. ITV’s stock price has […]

More From Our Brands

Access exclusive content