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ITV says it will not bid for Peaky Blinders production firm Endemol Shine

Endemol Shine has been put up for sale by owners private equity firm Apollo and Twenty-First Century Fox

ITV
Endemol Shine is expected to fetch between US$2bn and US$4bn

ITV PLC (LON:ITV) said on Wednesday it would not bid for Dutch production firm Endemol Shine Group, the maker of hit shows Peaky Blinders, Big Brother and Masterchef.

Endemol Shine has been put up for sale by owners private equity firm Apollo and Twenty-First Century Fox Inc. (NASDAQ:FOXA).

READ: ITV tops FTSE 100 fallers as investors turn sour on Endemol Shine bid

Media reports said ITV had entered bidding for Endemol Shine, which is expected to fetch between US$2bn and US$4bn.

“In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group,” ITV said.

At the interim results in July, ITV chief executive Carolyn McCall said the broadcaster would consider making “selective, value-creating mergers and acquisitions”. However, last month she was currently focusing on consolidating its previous producer acquisitions.

READ: ITV 'very sensible' at first investor day in 11 years, says Barclays as it cuts target price

ITV shares gained 2.9% to 160.9p in late morning trading.

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