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ITV will not bid for 'Big Brother' maker Endemol Shine

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ITV will not bid for 'Big Brother' maker Endemol Shine
A company sign is displayed outside an ITV studio in London, Britain July 27, 2016. REUTERS/Neil Hall/File Photo   -   Copyright  Neil Hall(Reuters)
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LONDON (Reuters) – British broadcaster ITV <ITV.L> said on Wednesday it would not bid for Endemol Shine, the Netherlands-based production company put on the block by owners private equity firm Apollo and Twenty-First Century Fox <FOXA.O>.

Reports in the Sunday Times and the Telegraph have linked ITV to the maker of “Big Brother” and “Masterchef”, although ITV Chief Executive Carolyn McCall said last month she was focusing on consolidating its previous producer acquisitions.

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

ITV’s shares jumped more than 3 percent after it confirmed it would not be bidding for the production company, which reports have said could fetch between $2 billion and $4 billion. 

(Reporting by Paul Sandle; editing by Kate Holton)

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