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Britain’s ITV considers possible deal to buy All3Media
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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.
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)
An acquisition is a corporate action where one company purchases most or all of another company's shares to gain control. This can involve cash, stock, or a combination of both.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the relationships among stakeholders and the goals for which the corporation is governed.
Valuations are the process of determining the current worth of an asset or a company. This can involve various methods, including market comparisons, income approaches, and asset-based valuations.
A production company is a business entity that produces media content, such as films, television shows, and other forms of entertainment. They handle the logistics of production from concept to completion.
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