2023-06-15 13:09:22 ET
- ITV plc ( OTCPK:ITVPF ) is considering a deal to buy All3Media from Warner Bros. Discovery ( NASDAQ: WBD ) and Liberty Global ( NASDAQ: LBTYA ) to combine it with its studios unit.
- Liberty Global may retain a stake in the merged unit, which would combine ITV Studios and All3Media, according to a Reuters report, which cited people familiar with the matter. In another scenario, ITV would buy out both parties entirely.
- According to the report, there's no certainty a deal will get done, and other parties could also become involved in the bidding.
- Reuters reported late last month that Warner Bros. Discovery ( WBD ) and Liberty Global ( LBTYA ) were considering getting out of their joint venture on All3Media , Britain's biggest independent TV production company. Cashing out would amount to a deal worth more than £1 billion.
For further details see:
ITV exploring deal to buy All3Media from Warner Bros, Liberty Global - report