Britain's ITV confirms it is looking to buy All3Media (updated)

Liberty Global

16/06/2023 07:09

(Adds deal background, quote)
       LONDON, June 16 (Reuters) - British broadcaster ITV
 ITV.L  said on Friday it was "actively exploring the possible
acquisition of All3Media", confirming a Reuters story that it
was exploring a deal to buy the production company. 
    All3Media, one of Britain's leading independent production
companies, is owned by Warner Bros Discovery Inc. and Liberty
Global. 
        Sources told Reuters in a story released on Thursday
that Warner Brothers could sell its stake in the company, while
Liberty Global could retain a stake in a merged entity which
would comprise ITV Studios and All3Media.
  
        Another option would see ITV buy 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."
  

 (Reporting by Kate Holton; editing by William James)
 ((kate.holton@thomsonreuters.com; 0044 207 542 8560; Reuters
Messaging: kate.holton.thomsonreuters.com@reuters.net))