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The Markets
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The Markets
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Investments and investor services

ITV takeover speculation hangs as update nears

ITV PLC’s full-year results next Thursday, 6 March come after the broadcaster has emerged in the sights of a string of firms over a potential takeover.

According to Sky News, CVC Capital Partners, RedBird Capital-owned All3Media, Mediawan and a major French broadcaster, thought to be Groupe TF1, had been among firms weighing up potential bids as of November.

Talks over disposals within ITV were also said to have taken place, though no plans have subsequently emerged.

Attention in the update will no doubt linger around any commentary on plans for its studio production arm or broadcasting division therefore, after both reportedly drew interest.

Last time out in November, ITV said its studios wing was on course for record adjusted pre-tax earnings this year despite a mid-to-single digital decline in revenue.

A 2.5% increase in total advertising revenue from its media and entertainment wing was expected in the meantime.

Shares have climbed 32% over the last year, buoyed by takeover speculation in November most recently.

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