14th Apr 2016 07:02
LONDON (Alliance News) - Entertainment One Ltd Thursday noted said it has received "no approach", following a report from the Financial Times that ITV PLC is understood to be eyeing a prelimary takeover approach for the film and television producer.
The FT report, citing people familiar with the matter, said ITV has held early talks with Entertainment One, the owner of the Peppa Pig franchise, about a potential deal, though no decision has been taken yet.
Shares in Entertainment One were up 8.1% at 171.40 pence Thursday morning, shortly after market open.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Entertainment OneITV