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ITV shares will be in the spotlight when the stock market reopens today following reports it has become a takeover target.
The stock has fallen more than 10 percent this month and bidders are said to be looking to take advantage of its depressed valuation.
The firm, which is home to shows such as Coronation Street, and whose production arm ITV Studios is behind the Disney+ hit Rivals, starring David Tennant, is valued at £2.5bn.
Private equity giant CVC Capital Partners is exploring a deal for ITV with a European broadcaster.
Hit: The company’s production arm, ITV Studios, is behind the Disney+ series Rivals, starring David Tennant.
That could see CVC take ITV Studios and the broadcaster take the rest of ITV, Sky News reported.
Russ Mould, investment director at AJ Bell, said ITV shares could “take a bit of a lift” following reports of a takeover.
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