Legatum Ventures completed the acquisition of a stake in GB News from Warner Bros. Discovery for £60m.

Legatum Ventures, an international private investment organisation, completed the acquisition of a stalk in GB News, a free-to-air television and radio news channel, from Warner Bros. Discovery, a multinational mass media and entertainment conglomerate corporation, for £60m. Discovery was one of the first organisations to invest in GB News, doing so prior to the creation of Warner Bros. Discovery. GB News has built a growing and loyal audience in its first year, bringing another voice to British news broadcasting, and we wish the management and shareholders the very best in their future endeavours,” Warner Bros. Discovery.