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European Liberty Global offering more than 100 million euros, to buy Irish TV channel TV3

Europe’s biggest cable company, Liberty Global is eyeing to buy TV3, the Irish television channel for more than 100 million euros ($111.76 million). Private equity group, Doughty Hanson owns TV3. Liberty Global, which entered the UK in 2013 by buying Virgin Media for about $24 billion, bought BSkyB's stake in ITV last year to put emphasis on its growing focus on television content. If the deal goes through, it will put pressure on rival UTV, which said it expected to incur a far greater loss than previously expected, as audience growth stalled from the past.

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Europe,Funds,Private Equity Funds,Media / Publishing (Legacy),Arts / Culture / Entertainment,Deals,Television,Liberty Global,TV3,Doughty Hanson,Virgin Media,BSkyB,ITV