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TV has confirmed it’s “actively exploring” a deal to purchase All3Media, the producer of Gogglebox and The Traitors .
It got here after studies that it was contemplating a transfer to snap up the manufacturing agency from present joint house owners Warner Bros Discovery and Liberty Global to probably mix it with its ITV Studios arm.
Reuters reported that All3Media, which additionally produces Fleabag and Midsomer Murders , may fetch a price ticket of over £1 billion.
In an replace to shareholders, ITV added that “there can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction”.
“A further announcement” might be made if and when acceptable.
The potential deal may see Warner Bros Discovery promote its stake within the agency amid efforts to cut back its 49 billion greenback (£38.3 billion) debt mountain.
Telecoms agency Liberty Global is already one in every of ITV’s largest buyers, with an nearly 10% stake within the broadcaster.
A possible takeover of All3Media would enhance the agency’s ITV Studios content material arm, which has been a key driver of progress for the corporate amid volatility within the promoting and streaming sectors.
The Studios enterprise reported a 19% rise in revenues and 22% improve in earnings for 2022.
The potential deal additionally comes as ITV bosses proceed to face intense scrutiny over former This Morning host Phillip Schofield’s exit from the programme.
ITV boss Dame Carolyn McCall informed MPs at a choose committee on Wednesday that the broadcaster doesn’t recognise allegations of a poisonous tradition at This Morning, saying “it deeply disappoints me”.
Shares in ITV had been 0.2% decrease on Friday morning.
