Disposal - Friends Reunited

RNS Number : 9791W

ITV PLC

06 August 2009

 

6 August 2009

ITV confirms sale of Friends Reunited 

ITV plc has today announced the conditional sale of its 100% shareholding in Friends Reunited Holdings Limited ('Friends Reunited') to Brightsolid Limited (a wholly owned subsidiary of D.C. Thomson Limited) for a total cash consideration of £25m payable on completion. The transaction is subject to approval by the competition authorities.

Credit Suisse acted as exclusive financial adviser to ITV plc in relation to this transaction.

For further enquiries please contact:

ITV plc

0207 157 3000

Media enquiries

Ruth Settle - 0207 156 7233

Louise Evans - 0207 156 7358

Investor enquiries

Pippa Foulds - Head of Investor Relations 

020 7156 7039

Tulchan Communications

Tel: [phone]

Susanna Voyle

 

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