UPC owner Liberty Global looks at buying TV3
Liberty Global, the US cable giant owned by billionaire John Malone, is currently conducting due diligence on Irish broadcaster TV3 with a view to buying the business.
TV3’s sale is being handled by London-based corporate adviser Quayle Munro and the station’s owners reportedly are looking for a price of between €120m and €150m.
Although a number of other possible buyers have been mooted, including US-based management fund Carlyle Group, it is understood that Liberty is currently the most likely buyer of the station and has been conducting due diligence for some time.
Liberty Global owns the UPC Ireland cable TV, telephone and broadband company.