Liberty Global increases stake in ITV to 9.9%

(Telecompaper) Liberty Global has purchased 138.7 million shares in UK commercial broadcaster ITV. This increases its existing stake to a total of 398.5 million shares or around 9.9 percent of ITV's ordinary shares. Liberty Global CEO Mike Fries said that ITV was a well-run company with attractive growth potential. Liberty Global first acquired a stake in ITV a year ago, buying 6.4 percent from Sky for GBP 481 million. The company said it was looking to cooperate with ITV on developing content