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ITVPF ITV Plc (PK)

0.8058
0.00 (0.00%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ITV Plc (PK) USOTC:ITVPF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.8058 0.8057 0.9556 0.00 21:05:42

ITV, BBC Explore Deal to Buy UKTV Stake From Discovery -The Telegraph

29/05/2018 12:57pm

Dow Jones News


ITV (PK) (USOTC:ITVPF)
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--ITV and the BBC are exploring a deal to buy Discovery's stake in broadcaster UKTV and form a joint venture worth 1 billion pounds ($1.33 billion), the Telegraph reports.

--UKTV is currently owned by the BBC and Discovery, after the U.S. media company acquired Scripps Networks Interactive, but the British broadcaster has an option to buy out its partner by the end of next week, according to the Telegraph.

--The BBC is considering triggering the right to buy Discovery's stake, worth up to GBP500 million, and sell it to ITV, in a move to strengthen British television to compete with U.S. rivals, including Netflix, the Telegraph reports.

 

Full story: https://bit.ly/2L3H4wb

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 29, 2018 07:42 ET (11:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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