Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Britain’s ITV considers possible deal to buy All3Media

Britain’s ITV considers possible deal to buy All3Media

By Amy-Jo Crowley and Paul Sandle

LONDON (Reuters) – Britain’s ITV is “actively exploring the possible acquisition” of production company All3Media, it said on Friday after Reuters reported the broadcaster’s interest.

All3Media could be valued at more than 1 billion pounds ($1.3 billion), sources said in May when Reuters reported that the company’s owners were exploring options for the maker of popular shows “Fleabag”, “Midsomer Murders” and “The Traitors”.

One of Britain’s leading independent production companies, All3Media is owned by Warner Bros Discovery and Liberty Global. ITV is Britain’s biggest free-to-air commercial broadcaster.

Sources told Reuters in a story released on Thursday that Warner Brothers could sell its All3Media holding while Liberty Global could retain a stake in a merged entity, which would comprise ITV Studios and All3Media.

Another option is that ITV buys out both parties entirely, one source added.

“ITV Plc notes the recent media speculation and confirms that it is actively exploring the possible acquisition of All3Media,” the broadcaster said in a statement to the stock exchange.

“There can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction.”

Speaking generally about its finances, ITV in March said that it had accessible funds of more than 1 billion pounds, comprising cash and undrawn debt facilities.

In a potential deal, ITV would combine All3Media with the Studios business it has built to offset more volatile revenue from its advertising-dependent TV channels and new ITVX streaming service.

 

(Writing by Kate Holton; Editing by William James and David Goodman)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts