Time Warner has made an offer to buy Dutch reality TV powerhouse Endemol for $1.4 billion, a deal that would help the Big Brother producer reorganize its sizable debt. It’s a company that is attractive to TW because unscripted reality shows work so well in international markets; besides Big Brother, Endemol’s formats include Deal Or No Deal and Extreme Makeover: Home Edition. Several creditors would need to approve the deal, first reported by Bloomberg, if it goes through, and Bloomberg said a group including Silvio Berlusconi’s Mediaset has offered a cash injection to Endemol that would give them a 51% stake. The latest moves come a little more than four months after Endemol CEO Ynon Kreiz departed the company; at the time, Time Warner, ITV and News Corp surfaced as possible suitors for a tie-up.
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This article was printed from http://www.deadline.com/2011/11/time-warner-makes-1-4b-offer-for-endemol/
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