ITV PLC (LSE:ITV) is no longer “actively exploring” the possible acquisition of All3Media, owned by Warner Bros Discovery and Liberty Global (NASDAQ:LBTYA).
In a brief statement, ITV said “it continues to monitor but is no longer actively exploring the possible acquisition of All3Media.”
The firm said it “assesses all potential value-creating M&A opportunities against its strict financial criteria and disciplined capital allocation framework.”
Last month ITV, in which Liberty also has a 10% stake, said it was “actively exploring" a potential purchase of the maker of Fleabag, Gogglebox and The Traitors in a deal estimated to be worth as much as £1bn.