ITV Faces Downside After Stake Reduction

4 days ago

Louise Moon

"ITV plummeted to its lowest since April after Liberty Global, its largest stakeholder, sold a roughly 5 percent stake for £135 million. Liberty Global, which had invested in ITV back in 2015, has seen its stake diminish as ITV shares have fallen about 70 percent since then. They are divesting as part of an active portfolio management process focused on scale-based investments, making the likelihood of any potential takeover even more remote. We\'ll be watching that closely."

The report outlines a significant bearish development for ITV as its largest stakeholder, Liberty Global, reduced its position amid substantial share price declines. This move underscores the increasing challenges and diminished market confidence in ITV, further reinforced by ongoing takeover speculation turning less likely.