Quote:
Originally Posted by Neptune
The article is really meant to be about a content deal with ITV, not a takeover.
While Murdoch owns a stake "the poison pill" in ITV, VM will never make a bid for it. The article made me laugh. As always the lazy journalists make huge errors in their articles. The article said that VM can't make a new offer for ITV until after six months after its initial one. (regulations et all) Which is a bit odd considering ntl never made a bid for ITV in the first place!
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They did - they made an offer of £4.7 Billion, which ITV rejected claiming it had 'materially undervalued' their company. However, the rejection followed BSkyB’s purchase of a 17.9% stake in ITV. (About £940 Million worth of ITV shares).