The CMA process ruins the short term outlook. kills ITV Studios takeover.10 Jul 2026 11:01
Having done some 'dyor', realised that noone is likely to put an offer for ITV, even if they would just sell on the Broadcasting to Sky, as long as it questionable that CMA will agree to it as no production company want to have broadcasting on their hands when it looks like sky are the only likely interested party.
the longer it goes on, the more selling will continue as ii's can't have investments sitting for 12-18months without news.
while i anticipated a 70p drop, there's an outside fear that, if ii's start selling, even off book, the price could drop below that, as thee's no rescue company in the wings until CMA result. so you either hold and wait or you sell and look for the drop in rice.
mad situation when a buyer completely knackers the future for 12-18months!