The private equity consortium circling UK broadcaster ITV has walked away from a deal after the company's board unanimously rejected its second takeover approach.

ITV's board rejected the consortium's new takeover proposal today, saying that the deal was "fundamentally unchanged from a previous proposal" and that it involved an "unduly risky" amount of leverage.

Oliver Smiddy

Vivek Ahuja

Blackstone Group

Goldman Sachs

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Buy-out firms abandon ITV

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