The biggest investor in ITV is selling half its stake amid rumours of a takeover.
Liberty Global has owned around 10 per cent of the broadcaster since 2015.
But the US media giant, led by telecoms tycoon John Malone, said last night it was selling about half of its stake, worth around £140million.
BNP Paribas and Deutsche Bank are working on the deal. Liberty had been tipped as a potential buyer of ITV given its large shareholding, or a major player in any takeover.
Shares in ITV, which closed flat at 74.55p last night before the Liberty announcement, have lost two-thirds of their value since Liberty first bought its stake.
The firm has faced intense competition from US streamers such as Netflix.
Loss: Liberty Global, led by telecoms tycoon John Malone (pictured), said last night it was selling about half of its stake in ITV, worth around £140m
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