ITV drops out of race for Endemol Shine
Turns out ITV never actually lodged a bid for Endemol Shine, after all.
- Published by David Knox
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ITV will not make a bid for Endemol Shine.
Britain’s biggest commercial broadcaster had been rumoured to be a front-runner in the race to buy the production and distribution giant.
“In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group,” it said in a brief statement issued to investors.
All3Media, Endeavor, Sony, and Lionsgate have all been floated as possible buyers of Endemol Shine.
Turns out ITV never actually lodged a bid for Endemol Shine, despite some media reports.
“We’re not just growing for growth. We’re growing to profitably grow and to give returns to shareholders,” CEO Carolyn McCall said. “We have to be incredibly disciplined about any acquisition we make, whether that’s small or large.”
Endemol Shine, which is jointly owned by 21st Century FOX and private equity firm Apollo Global Management, has been on the block for several months.
Source: Variety