It is the second high-profile television conglomerate to rule out a bid for the MasterChef and Black Mirror producer after Fremantle owner Rtl revealed that it had “stepped out of the process”
Chief Executive Tim Davie, speaking at the Ibc technology conference in Amsterdam, said, “No we won’t [buy Endemol Shine] because we are very focused on premium British content. We’re suitable scaled in certain areas.”
Earlier this year, Endemol Shine owners Apollo Global and 21st Century Fox hired Deutsche Bank and Liontree to advise on a deal, which could value the Masterchef owner anywhere between $2B-$3B. Companies thought to be in the bidding process including ITV, All3Media co-owner Liberty Global and Vivendi-backed Banijay.
Davie said that BBC Studios, which produces series such as Planet Earth and Strictly Come Dancing and owns stakes in a raft of