ITV Shares Jump Following Reports of Takeover Interest

Private equity firms and European broadcasters are reportedly exploring bids for ITV, including a potential split of its production and broadcasting units.

ITV's share price surged by up to 14% following reports of interest from private equity firm CVC Capital Partners and France's Groupe TF1 in a potential takeover bid.
Speculation suggests a possible division of ITV, with CVC eyeing its production arm, ITV Studios, and a European broadcaster potentially acquiring its broadcasting and streaming operations.
Other potential bidders for ITV Studios include RedBird Capital-owned All3Media and Mediawan, backed by private equity firm KKR, though no formal offers have been made.
ITV CEO Dame Carolyn McCall has reportedly discussed a demerger of the company’s production and broadcasting units to unlock greater value for shareholders.
Analysts note ITV’s low valuation and the strength of ITV Studios, which accounts for over half of the company’s revenue and has a strong presence in international markets, as key factors driving interest.