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Naman Ramachandran U.K. broadcaster ITV has completed its acquisition of leading natural history program producer Plimsoll Productions by taking a majority 79.5% stake.The deal, which was revealed by Variety last week, values Plimsoll at £131 million ($161 million) and ITV will pay £104 million ($127 million) in cash for the stake.Founded in Bristol in 2013, the BAFTA, Emmy and Academy award winning Plimsoll has produced hundreds of hours of content including “Tiny World” and “Giant World” for Apple+; “Hostile Planet” and “Supernatural Planet” for Disney; “Night on Earth” and “Animal” for Netflix and the upcoming series, “A Year on Planet Earth” for ITV, Tencent in China, Fox Nation in the U.S.

Naman Ramachandran U.K. broadcaster ITV has acquired a majority 79.5% stake in leading natural history program producer Plimsoll Productions.

The UK’s ITV has agreed to acquire a majority interest of 79.5% in Hostile Planet and Tiny World producer Plimsoll Productions for approximately £103.5 million ($126 million), giving the company an enterprise value of £131 million ($159.7M). The stake is being acquired from private equity group LDC.