UK broadcaster has withdrawn its proposal to acquire Entertainment One Ltd (eOne).
ITV said that it 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 added that it 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.
http://www.televisionpost.com/news/itv-w...uire-eone/
ITV said that it 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 added that it 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.
http://www.televisionpost.com/news/itv-w...uire-eone/