(Reuters) - Liberty Global Plc (O:LBTYA) is in advanced talks to buy British Sky Broadcasting Group Plc's (L:BSY) remaining 7.2 percent stake in Britain's biggest commercial free-to-air broadcaster ITV Plc, Sky News reported late on Wednesday.
The deal is likely to be announced on Thursday, Sky said on its website, adding that there was a "slim possibility" that the stake would go to institutional investors if talks fell through.