All3Media Sells to Jeff Zucker’s Redbird IMI for $1.45 Billion

variety.com:

K.J. Yossman All3Media has finally been sold. Redbird IMI has snapped up the production-distribution giant behind “The Traitors” and Jamie Dornan-starrer “The Tourist” from owners Liberty Global and Warner Bros.

Discovery for $1.45 billion. An investment group run by Jeff Zucker and former Goldman Sachs banker Gerry Cardinale, Redbird IMI recently revealed plans to acquire the U.K.’s Telegraph newspaper and Spectator magazine.

Jeff Zucker, the CEO of RedBird IMI, will become the chair of the All3Media board. CEO Jane Turton and COO Sara Geater will continue to lead the company for RedBird IMI. “All3Media is one of the world’s great content companies, and this gives us an incredible platform to continue to grow our expanding portfolio,” Zucker said. “The demand for new shows and ongoing existing series, both scripted and unscripted, makes All3 a perfect fit for us.

And we would not be doing this if not for the tremendous confidence we have in the outstanding All3Media management team, led by Jane and Sara.” Cardinale added: “Acquiring All3 is an extension of our investment thesis around pure play global content creators and owners of intellectual property.