ITV - investment in Cognitive Logic, Inc

RNS Number : 7516W
ITV PLC
20 August 2020
 

20 August 2020

 

ITV plc

 

 

ITV has agreed to invest $1.375 million (c. £1 million) in cash for a minority shareholding in Cognitive Logic, Inc, the 100% owner of InfoSum Limited ("InfoSum"). InfoSum, which is a commercial partner of ITV, is a data infrastructure business which helps connect and activate separated datasets without putting customer data or personally identifiable information at risk. Alongside content and distribution, data is now an essential ingredient in the media ecosystem. The equity investment will not be consolidated and will be held at fair value on ITV's balance sheet. 

 

ENDS

 

For further enquiries please contact: 

 

Investor Relations

Pippa Foulds    +44 7778 031097

Faye Dipnarine              +44 20 7157 6581

 

Media Relations

Paul Moore    +44 7860 794444

Grant Cunningham    +44 7764 210742

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCMZGZRKGKGGZM

Companies

ITV (ITV)
UK 100

Latest directors dealings