Is ITV Buying All3Media? Broadcaster Confirms Interest to Shareholders
In a letter to shareholders on Friday morning local time, the broadcaster confirmed “media speculation” around its talks to buy All3Media, which was first reported by Reuters.
“There can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction,” reads the letter. “A further announcement will be made if and when appropriate.” Citing sources close to the deal, Reuters reported on Thursday that ITV is looking to combine All3Media with its own in-house production and distribution business ITV Studios, which itself has been the subject of sales speculation in recent months.
London-headquartered TV producer All3Media is responsible for shows including “Fleabag,” “The Traitors” and Jamie Dornan-led drama “The Tourist.” The company has been put up for sale by owners Liberty Global and Warner Bros Discovery, with JP Morgan overseeing a deal.Liberty Global and Discovery acquired All3Media in 2014 for £550 million .
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