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Endemol Shine Sale Called Off

Fadu News 2018-11-06 18:24:37

Courtesy of Netflix'Black Mirror'

The development ends months of speculation swirling around the production house behind 'Big Brother' and 'Black Mirror.'

The auction process for Endemol Shine Group, the producer behind Big Brother, MasterChef, Black Mirror and Peaky Blinders, has been called off, sources confirmed on Tuesday.

The lack of a sale means that Walt Disney will acquire 21st Century Fox's stake in the production giant as part of its $71.3 billion takeover of large parts of the company. The development ends months of speculation that had surrounded Endemol Shine since the company was put on the auction block earlier this year.

Banijay, Lionsgate, Sony, Liberty Global/Discovery Communications' All3Media and talent agency Endeavor were among the companies that circled the group.

ITV was initially thought to be in contention, but, after weeks of intense press speculation, the U.K. TV giant said in October it had no intention of submitting a bid. RTL Group's FremantleMedia backed out of negotiations in September during the initial financial discovery stage.

It wasn't immediately clear what led to the cancelation of the auction, but analysts had wondered whether the process would lead to an offer that the current owners would see as high enough.

Endemol Shine was crated via a merger between two global reality juggernauts, Dutch group Endemol (Big Brother) and Elisabeth Murdoch's British group Shine (The Biggest Loser). The two came together in 2014 through the merger of Apollo's Endemol and Fox's Shine Group.

The owners are understood to be focused on instead fueling the continued growth of Endemol Shine.

Endemol Shine and its owners declined to comment.