Advanced Television

ITV quashes Endemol Shine bid speculation

October 3, 2018

In light of continued press speculation, UK commercial PSB ITV has issued a statement confirming that it has no current intention of making a bid for Endemol Shine Group.

The Sunday Times had reported in mid-September that ITV had bid for the major indie production company which has been put on sale by owners the VC Apollo and 21st Century Fox.

Endemol Shine has been valued at between $2 billion and $3 billion, and RTL has already walked away from the bidding.

In July 2018, Endemol Shine hired Deutsche Bank and Liontree to advise on a sale. Other bidders are thought to include All3Media co-owner Liberty Global and Vivendi-backed Banijay.

Categories: Articles, Business, M&A