ITV withdraws proposal to acquire eOne

Thu 25 Aug 2016



ITV withdraws proposal to acquire Entertainment One Ltd


Further to the announcement made by ITV plc ("ITV") on 10th August 2016, ITV announces that it has withdrawn its proposal to acquire Entertainment One Ltd ("eOne").


ITV continues to believe in the strategic logic and potential benefits of acquiring eOne but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence. It appears this value is different to the level at which the Board of eOne would currently engage in a more formal process.


ITV has a clear strategy to build a stronger, more diversified international business and will continue its disciplined approach to evaluating its healthy pipeline of potential investment opportunities.




Further information on ITV


ITV (LSE:ITV, is an integrated producer broadcaster, operating the largest commercial family of channels in the UK. In addition to traditional broadcasting, ITV delivers content on demand through numerous platforms, both directly and via the ITV Hub. ITV Studios produces content for both ITV's own channels and third parties in the UK and increasingly overseas. ITV's distribution business sells finished programmes and formats worldwide.


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Forward looking statements


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