Entertainment One (eOne) has poured cold water on claims that it is a takeover target for UK broadcaster ITV.
The Canadian production and distribution company behind The Hunger Games franchise denied press reports that it had held preliminary talks with ITV about a buyout.
“Entertainment One notes the press speculation regarding a potential offer. No approach has been received by eOne,” the company noted to the London stock market this morning.
Such a deal would be ITV’s biggest acquisition to date; the Canadian company has annual revenues of $1.1bn (£786m) and produces and distributes over 40,000 television and film titles.
At the end of last year, the London-listed company was forced to refinance, which has led it to become a takeover target.
The producer and distributor has itself been aggressively acquisitive in the last couple of years. Earlier this year, it bought Naked and Afraid producer Renegade 83 and last year it made a major investment in The Mark Gordon Company, the US producer behind shows such as Grey’s Anatomy and Kiefer Sutherland’s forthcoming political thriller, Designated Survivor.
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