Endemol Shine Sale Process Heats Up With Sony Pictures Entertainment, Lionsgate Among Early Suitors

Variety | 7/6/2018 | Cynthia Littleton
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Count Sony Pictures Entertainment and Lionsgate among the early suitors for Endemol Shine, the global production group that is home to such well-traveled series as “Big Brother,” “MasterChef” and “Black Mirror.”

Based in the Netherlands, Endemol Shine is jointly owned by 21st Century Fox and Apollo Global Management. Fox’s 50% share of the company had been slated to be part of the pending acquisition of 21st Century Fox assets by Disney. But Fox and Apollo last month retained Deutsche Bank and Aryeh Bourkoff’s Liontree to handle a sale. There have been rumblings for more than a year, prior to Disney’s courtship of Fox, that Fox and Apollo were prepping Endemol Shine for a sale.

Endemol - Shine - CEO - Sophie - Turner

Endemol Shine CEO Sophie Turner Laing and other execs have in recent weeks been on a roadshow pitching the company to prospective bidders in the U.K. and U.S. Interested parties have been asked to submit expressions of interest by the end of next week in order to get access to a deeper look at the company’s books. One source familiar with the process said the information presented to date indicated a valuation in the $2 billion range although the asking price is expected to be higher.

Reps for Sony Pictures Entertainment and Lionsgate declined to comment as did spokespeople for 21st Century Fox and Endemol Shine. Others expected to proceed through the early rounds include Liberty Global, ITV, Vivendi and RTL, parent company of FremantleMedia, as reported earlier this week by Reuters. Private equity giants such as Carlyle Group and Blackstone may also join the fray, industry sources said.

Endemol - Shine - Content - Library - Distribution

Endemol Shine has a big content library and global distribution infrastructure through its outposts in the U.K., U.S., Europe, Australia, Latin America, and Africa. That would seem to make it an attractive target at a time when media firms are focused...
(Excerpt) Read more at: Variety
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