ITV ‘actively exploring’ acquisition of producer All3Media – The Hollywood Reporter

ITV said on Friday it was “actively evaluating” a possible takeover of All3Media.

Entertainment giants Warner Bros. Discovery and John Malone’s cable and telecom giant Liberty Global have been considering alternatives for their production joint venture All3Media, the UK’s largest TV production company. His titles also include likes from The traitors And The touristas well as the 2019 movie 1917.

Potential buyers previously named by industry sources and analysts included ITV, but also the likes of manufacturing giants Fremantle and Banijay, as well as private equity firms.

In a statement on Friday, ITV, led by CEO Carolyn McCall, “took note of recent media speculation and confirmed that the company is actively evaluating the potential acquisition of All3Media.” It added: “There can be no certainty that a transaction will take place and also not on the terms of any such transaction.” If necessary, a further announcement will be made.”

In 2014, then-Discovery and Liberty Global agreed to buy All3Media together, giving the company an enterprise value of approximately $930 million. At the time, the transaction was Discovery’s entry into the production business. With Discovery’s merger with WarnerMedia from AT&T to form Warner Bros. Discovery, led by CEO David Zaslav, the company now owns a major Hollywood TV studio in addition to HBO, making owning half of All3Media less attractive for the conglomerate.

Sources previously said the current owners are considering a possible sale of All3Media, led by CEO Jane Turton, to a third party, but could also opt for one of them to buy out the other’s 50 percent stake.

A deal for All3Media, which owns more than 50 production banners including The Tinder scammer and fellow documentary maker Raw could bring in £1 billion to £1.5 billion ($1.25 billion to $1.87 billion), according to observers.

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