LONDON : ITV is exploring a deal to buy production group All3Media from its joint owners Warner Bros Discovery Inc. and Liberty Global to combine the business with its Studios unit, two sources familiar with the matter said.A possible deal could see Warner Brothers sell its stake in one of Britain's leadi
LONDON : ITV is exploring a deal to buy production group All3Media from its joint owners Warner Bros Discovery Inc. and Liberty Global to combine the business with its Studios unit, two sources familiar with the matter said.
Liberty Global could retain a stake in the merged entity, which would comprise ITV Studios and All3Media, the person said. Another option would see ITV buy out both parties entirely, the source added. Sources said there is no certainty a deal will materialise and that other buyers could also present offers.
Speaking generally about its finances, ITV said in March it had funds on hand of more than 1 billion pounds, comprising cash and undrawn debt facilities.
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