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Media Mogul John Malone’s Liberty Global Divests Half Its ITV Holdings in Strategic Portfolio Shift

Liberty Global has sold half its stake in British broadcaster ITV, totaling £135 million. The divestment comes as ITV faces challenges from streaming competition and advertising market pressures, with shares declining significantly following the announcement.

Major Stake Reduction in British Broadcaster

Liberty Global, the media and telecommunications conglomerate chaired by billionaire John Malone, has reportedly sold half of its stake in British broadcaster ITV according to recent financial reports. The transaction involved 193.4 million shares valued at approximately £135 million ($180 million), with the deal being executed rapidly between Tuesday night and Wednesday morning.