There's a way to go before the future ownership of Anglo-Dutch mega-indie Endemol Shine is settled.
It's up for sale because 21st Century Fox wants to part with its 50% holding, ahead of the Disney take-over of Fox. Fox and Endemol co-owners Apollo Global Management, a US private equity firm, are selling through Deutsche Bank and the Madison Avenue media bank and deal-maker, Lion Tree.
The price could be anywhere between $2bn and $4bn. ITV, under Carolyn McCall, are said to be interested, but their turnover is around £3bn, and profits last year just £413m - so borrowing, hire purchase or share swaps would be necessary. Other bidders are likely to include Lionsgate, FremantleMedia, France’s Banijay Group and All3Media.
Endemol's roster of shows remains impressive. Peaky Blinders, Broadchurch, Black Mirror, various successors of The Bridge, The Fall, Grantchester make up the drama list; other long-runners include Masterchef, Pointless and Big Brother.
CEO Sophie Turner-Laing and Chief Creative Officer Peter Salmon will be available for discreet lattes at the RTS Conference at the Guardian HQ in King's Cross tomorrow.
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