ITV ‘no plans for En­de­mol’

Irish Independent - Business Week - - FRONT PAGE - Bloomberg

ITV said it doesn’t have any cur­rent plans to bid for En­de­mol Shine Group, the maker of the ‘Big Brother’ and ‘Masterchef’ (pic­tured above) TV shows, send­ing the Bri­tish com­pany’s shares up as much as 6pc.

En­de­mol is draw­ing in­ter­est from suit­ors and the Am­s­ter­dam-based com­pany is aim­ing for a val­u­a­tion of €3bn–€4bn, sources said last month. Some bid­ders pre­dicted a lower val­u­a­tion due to un­cer­tainty about En­de­mol’s debt load and the fu­ture pop­u­lar­ity of some of its long-run­ning hits, the peo­ple said.

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