Comcast has denied reports coming out of the U.K. that it is poised to make a $16 billion acquisition of one of Britain's four major broadcast networks, ITV.
"We don't comment on M&A rumors but the speculation on ITV is just completely inaccurate," spokesman John Demming told Variety.
Over the weekend, The Mail and several other pubs reported that through NBCUniversal, Comcast was considering a purchase of the network behind the global hit period drama Downton Abbey. Those reports sent the network's stock price up 4 percent. Article