Business
ITV withdraws proposal to acquire eOne
ITV withdraws proposal to acquire eOne.
About this update from Itv Plc
[{"type":"text","content":"\n \nRNS Number : 1377I ITV PLC 25 August 2016 \n\nITV withdraws proposal to acquire Entertainment One Ltd\n \nFurther to the announcement made by ITV plc (\"ITV\") on 10th August 2016, ITV announces that it has withdrawn its proposal to acquire Entertainment One Ltd (\"eOne\").\n \nITV continues to believe in the strategic logic and potential benefits of acquiring eOne but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence. It appears this value is different to the level at which the Board of eOne would currently engage in a more formal process.\n \nITV has a clear strategy to build a stronger, more diversified international business and will continue its disciplined approach to evaluating its healthy pipeline of potential investment opportunities.\n \n \n \nFurther information on ITV\n \nITV (LSE:ITV, www.itvplc.com) is an integrated producer broadcaster, operating the largest commercial family of channels in the UK. In addition to traditional broadcasting, ITV delivers content on demand through numerous platforms, both directly and via the ITV Hub. ITV Studios produces content for both ITV's own channels and third parties in the UK and increasingly overseas. ITV's distribution business sells finished programmes and formats worldwide.\n \nFor further information on ITV, please go to www.itvplc.com/about/what-we-do\n \n \n \nFor further enquiries please contact:\n \nInvestor Relations\n \nPippa Foulds +44 20 7157 6555 or +44 7778 031097\n \nMedia Relations\n \nMike Large +44 20 7157 3021 or +44 7768 261528\n \nForward looking statements \n \nThis press release contains statements which are not based on current or historical fact and which are forward looking in nature. These forward looking statements reflect knowledge and information available ...