ITV Rules Out Endemol Shine Bid

ITV plc has issued a statement denying reports that it is looking to acquire Endemol Shine Group.

“In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group,” the company said.

In June, Endemol Shine Group was said to have enlisted Deutsche Bank and Liontree to find a buyer for 21st Century Fox’s and Apollo Global Management’s stakes in the company. According to CNBC at the time, the price tag on the content powerhouse was between $2.5 billion and $4 billion, including debt. Disney is set to acquire half of Endemol Shine Group as part of its acquisition of 21st Century Fox.

The production-and-distribution powerhouse was behind more than 800 productions in 79 territories in 2017. Endemol Shine International holds a catalog of more than 3,000 formats and over 50,000 hours of finished programming.