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John Malone in talks to buy TV3

US billionaire John Malone (left) is on the verge of buying Dublin-based TV3 after it entered exclusive talks to buy the broadcaster.

TV3-owner Doughty Hanson has been looking to sell TV3 for months. TV3 is likely to sell for tens of millions euros. Industry sources have indicated a deal is some way from completion. Malone's Liberty Global, which owns TV3, is firm favourite.