Virgin Media: Virgin Media to Acquire UTV Ireland.
Virgin Media, a wholly-owned subsidiary of Liberty Global, today announced that it has entered into an agreement with ITV plc to acquire UTV Ireland, the nation’s newest free-to-air commercial broadcaster, for a purchase price of €10 million. The agreement also includes a comprehensive 10 year output deal for Ireland for ITV produced programming. The purchase price is expected to be funded through existing liquidity.
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