John Malone's Liberty Group has bought Sky's 6.4 per cent stake in ITV for a reported GBP481m, fueling fresh takeover speculation. Liberty Group bought Virgin Media last year and the rumour mill
suggests the company is still on the hunt for British media assets. The company has played down takeover talk and must now wait six months if it plans a formal bid. The payment to Sky for the shares
could well prove useful as the satellite broadcaster seeks full control of Sky Italia and Deutschland.
Read the whole story at The Times »