July 17 Liberty Global Plc is in
advanced talks to buy British Sky Broadcasting Group Plc's
remaining 7.2 percent stake in Britain's biggest
commercial free-to-air broadcaster ITV Plc, Sky News reported
late on Wednesday.
The deal is likely to be announced on Thursday, Sky said on
its website, adding that there was a "slim possibility" that the
stake would go to institutional investors if talks fell through.
ITV's London-listed shares closed at 183 pence on Wednesday,
giving the company a market capitalisation of about 7.4 billion
pounds ($12.68 billion), according to Thomson Reuters data.
Representatives of BSkyB, Liberty Global and ITV could not
be reached for comment outside of regular business hours.
Liberty Global has been expanding its presence in Britain,
with the acquisition of cable company Virgin Media last year and
a joint takeover with Discovery Communcations of All3media in
($1 = 0.5835 British pounds)
(Reporting by Richa Naidu in Bangalore; Editing by Jan Paschal)