17th Mar 2025 09:42
(Alliance News) - Merger talks between ITV PLC and All3Media "have progressed to a very detailed level", the Daily Mail reported late Saturday.
ITV Chief Executive Carolyn McCall is in discussions with the owners of All3Media, Abu Dhabi-back investment fund RedBird IMI, Daily Mail said without citing sources. The enlarged company would be listed on the London Stock Exchange, it said.
McCall sees a good fit between the London-based broadcaster's ITV Studios arm and All3Media, a London-based maker of television series such as 'Gogglebox', 'Call The Midwife' and 'The Traitors', the Daily Maid said.
ITV tried to buy All3Media in a deal worth a reported GBP1 billion back in mid-2023, before backing off. All3Media, which had been jointly owned by Warner Bros Discovery Inc and Liberty Global PLC, was subsequently bought by Redbird IMI for GBP1.15 billion in 2024.
Back in January this year, Reuters reported that ITV and Redbird IMI were holding "early-stage" talks for a merger of their respective production businesses, citing "two people with knowledge of the situation".
ITV shares were up 1.1% to 77.83 pence early Monday in London. The company has a market capitalisation of GBP2.92 billion.
By Tom Waite, Alliance News editor
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