Itv attempted to acquire All3media back in 2023. The opposite might be considered unwelcome |
There are signs that all the talk is more than rumour. I spoke to an old colleague of mine ex Logica PLC whose son works for a City investment bank who believe ITV are being prepared for anything hostile. Such info generally is out weeks before a bid.
He told me that the private equity CVC Capital are active to getting support for a bid, but that is common knowledge, however acquirers also named in the reports included KKR-backed Mediawan and All3Media, owned by Redbird Capital Partners.
The chances that something big is happening with all these names in the frame is now odds on, my hope is we see some action in 2025 with hopes no bad news occurs in the Ukraine or Middle East. |
Come on Santa...
Give us poor suffering ITV shareholders at least a little Xmas gift this year...
How about another of those little spikes like last Friday ?
(Buy back bot of 12000 shares is currently working away on 72.2p bid...It needs waking up...) |
Although they wouldn't then be taking over a business with a big pile of cash if it's all been spent on buy backs |
I assume any takeover would probably end when the share buyback is more or less complete (if the price remains the same per share then with less shares they get the company cheaper)... |
Exactly that bountybar! We’re getting paid to wait! |
People expecting this to open at £1.50 don’t seem to understand it’s Xmas week.
All the recent articles clearly state talks are at an early stage.
Go and have a mince pie, The Grinch is on ITV at 14:50 - it’s the story of a bitter short seller who tries to ruin Xmas. |
The bid is in for DLG, now I just need the same for ITV and SPI to complete the set! I'm expecting to have to wait a while however. |
All these fantasy bid rumours are just that.
It's to deter shorters from shorting knowing that current ITV revenues will be under pressure heading into H1 2025.....
.....because there is absolutely no chance in the world of short-term ad revenues surprising to the upside and a huge chance of downside risks as UK PLC adjust to higher NI contributions + minimum wage rise beginning in April...
I think even studios will come under pressure into early next year..
H1 2025 will see the UK enter a mild recession IMO.
(Even Santa sees this hence no Xmas rally this year) |
justiceforthemany20 Dec '24 - 16:02 - 10258 of 10288
Assura...
Pretty much rubbish at the moment I guess which is to be expected with so much negative market sentiment currently towards inflation and interest rates.
I'm confident there though having done my research. Just a patience thing now
(Apologies for O/T to everyone else) |
All these rumours and speculation and they open down 🙄 |
Hi cyber, I understand what you're saying, I was working on a tier 1 patent for a chip-scale atomic clock (CSAC) a technological innovation so important that real-world applications and even museum-level technologies needed it. Now, I had the drawings, the patent, and everything done so I could go to the patent office to file the next day. However, the day I was going there my dog got hold of it all and ripped it up. I lost everything!!! |
Interesting news tonight that Murdock is selling Foxtel streaming unit to London based BAZN for $2.1 billion. BAZN is owned by Len Blavatnik who is currently worth $40 billion. |
No wonder the spike then ;)
Don't imagine we'll see any sparks on Monday but would love to be wrong. |
Also the article does actually mention 2 companies - so why are we only talking about SONY?!
I don’t know anything about MFE so taking a look today |
I notice SeekingAlpha now also has it as their top story on their SONY page. Guess it’s starting to spread. |
It’s on the Betaville site too now.
One cool fact we learn there - the Betaville guy says that he actually worked for Dealreporter once! For me that legitimises the source even further - it’s not just a make pretend website. Small world investment eh?!
“Mark, The Kleinmanator, Kleinman of Sky News was on point when he wrote in his City AM column late last month that "reheated repeats" of his scoop about CVC's potential attempt to purchase London-listed broadcaster ITV "will be commonplace".
On Friday, Dealreporter - one of little old Betaville's first employers - reported that European private equity CVC has now sounded out Sony and Italian group MediaforEurope, formerly known as Mediaset, about carrying out a joint bid for ITV.
According to the report, talks were held in recent weeks but deliberations are still at an early stage.”
Good site with free signup: |
Ben Harrington at Betaville has tweeted re the Dealreporter artical |
It does look like there could be something in this bid speculation, first with Sky less than a month ago and now Dealreporter on Friday, both report the same company behind the rumour. Private equity firm CVC Capital Partners. Unless its one hell of a coincidence. |
Interesting comment in Reddit mediamergers discussion
Ares123893 - “Amazon MGM Studios has the North American distribution rights to The Rank Organisation film (1935-1996) library, which is owned by ITV Studios. If Sony buys ITV Studios, then Sony owns the entire Rank Organisation libraries and MGM is totally screwed BIG TIME!” |
One analyst last month gave his valuation of around 130p per share. Based on where the share price currently trades at 72p up only 10p from before the rumours started last month. I would say that the market is dismissing these rumours. As we know markets don't always get things right, here's hoping. |
 Oh no, not more bid talk.
Here's a bit from last month's FT that mentions ITV's 10% holder the pirate John Malone.
FT.COM
John Malone, the pre-eminent dealmaker in the media and technology industry, is pressing for merger activity amid an anticipated rollback of regulations under the incoming administration of Donald Trump.
Charter Communications, the cable television and broadband company that has just agreed to buy his Liberty Broadband, should be allowed to merge with rival cable operators Comcast, Cox or T-Mobile, the billionaire “cable cowboy” told investors on Thursday.
“The idea that Charter should be limited to 30 per cent of the US terrestrial footprint while Big Tech has the globe, and even Elon [Musk] has the globe, is silly,” the Liberty Media chair said. “Tying an industry’s hands behind its back and allowing Big Tech to run wild in every direction that they choose to run in, I think is inappropriate.”;
Malone’s pronouncement comes as mass media companies have struggled for years due to the disruption of linear television. Companies such as Warner Brothers Discovery have lost a huge share of their business to streaming services, leading to billions in writedowns and attempted mergers, like satellite TV provider DirectTV’s now-abandoned purchase of Dish.
Trump’s anticipated dismissal of Federal Trade Commission chair Lina Khan and Department of Justice chief Jonathan Kanter has spurred hopes among media executives grappling with deflated share prices that tie-ups may escape harsh antitrust scrutiny. This is despite indications that the new White House administration is likely to continue strict enforcement of media deals.
David Zaslav, WBD’s chief executive, said earlier this month the new administration might offer a “change of pace” and an opportunity for a wave of consolidation.
Malone’s comments came a day after he announced he would simplify his media empire by spinning off event ticketing company Live Nation and events specialist Quint from Liberty Media into a separate public company following a wave of legacy media companies looking to clean up their corporate structure amid a wave of anticipated dealmaking.
Last month, broadcaster Comcast said it was weighing a spinout of its cable networks.
The remaining Liberty Media will focus on sports, following its $8bn acquisition of Formula One in 2017. The 83-year-old Malone will step in as interim CEO after the departure of prolific dealmaker Greg Maffei, who said he would step down as CEO after nearly 20 years at the helm. |
It's interesting to suddenly see all the posts and clips that ITV are a target for whatever predator with the most money. I hope some of it is based on fact.
I don't know what sort of value they will put on it, I would guess 110p to 120p as a starter, question is will there be more than one bidder. Early days yet, but there would seem a good 50/50 chance that the ITV rumours are based on facts.
We will find out in the next few months. |
Sony and Apple have been brothers in arms for years and for those who pooh pooh my posts there is nothing new here. Apple are favourite to get ITV whatever the rumour mill is saying. |
Value shares?
ITV PE ratio 6.5
Dividend Yield 7%
Takeover rumours all over the place. |
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