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Time Warner led consortium in ITV takeover bid
Beijing: A consortium led by US media giant Time Warner Inc is mulling a $11.7 billion takeover bid for a British television broadcaster ITV, the news paper Mail on Sunday has reported.

The newspaper said the consortium includes Time Warner, Goldman Sachs and private equity investors Apax Partners. They are considering making the bid at around 6.6 billion British pounds.
ITV, the result of the merger of Carlton Communications and Granada production companies in 2002, debuted on the London stock market last year.
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