14th Apr 2016 05:53
LONDON (Alliance News) - ITV PLC is understood to be eyeing a preliminary takeover approach for film and television producer Entertainment One Ltd, the Financial Times reported.
Citing people familiar with the matter, the FT 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.
Entertainment One has become a takeover target following the fundraising it undertook last year which hit its share price, while ITV is on the hunt for content producers to bolster its growing portfolio.
https://next.ft.com/content/3fa4bcf0-01d0-11e6-ac98-3c15a1aa2e62
By Sam Unsted; [email protected]; @SamUAtAlliance
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