ITV Acquires Big Talk

Fri 26 Jul 2013
RNS Number : 2359K ITV PLC 26 July 2013  



26 July 2013

 

ITV acquires Big Talk

 

ITV plc today announced that it has acquired 100% of Big Talk Productions and associated companies (Big Talk), the producer of award winning programmes Friday Night Dinner, Him & Her and Rev as well as films including Shaun of the Dead, Hot Fuzz and The World's End.

 

ITV will pay an initial cash consideration and further capped cash payments contingent on Big Talk's future performance.  The initial cash consideration will be dependent on the 2012/13 financial performance and is expected to be in the region of £12.5m.  The further capped cash payments are payable on the delivery of significant profit growth over the next five years.  The multiple paid is similar to the range paid on our previous acquisitions. 

 

ENDS

 

For further enquiries please contact:

 

Investor Relations:  Pippa Foulds  +44 20 715 76555 or +44 7778 031097 

 

Media Relations:       Mary Fagan  +44 20 715 73965 or +44 7736 786448

                                    Mike Large  +44 20 715 73021 or +44 7768 261528

 

This information is provided by RNSThe company news service from the London Stock Exchange  END  ACQPGUUGMUPWURQ