ITV ‘No Longer Actively Exploring’ All3Media Acquisition

variety.com:

Naman Ramachandran A month after it said it was exploring the possible acquisition of “Fleabag” and “The Traitors” producer All3Media, U.K.

broadcaster ITV is no longer actively exploring it. In a filing with the London stock exchange on Friday, the “Love Island” broadcaster said: “Further to its announcement on 16 June 2023, ITV plc confirms it continues to monitor but is no longer actively exploring the possible acquisition of All3Media.

ITV plc assesses all potential value-creating M&A opportunities against its strict financial criteria and disciplined capital allocation framework.” ITV’s statement of interest in June, where it said that it is “actively exploring the possible acquisition of All3Media,” came with the caveat, “there can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction.

A further announcement will be made if and when appropriate.” London-headquartered TV producer All3Media is responsible for shows including “Gogglebox,” “Call the Midwife” and Jamie Dornan-led drama “The Tourist.” The company had been put on the sales block by owners Liberty Global and Warner Bros.