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Time Warner Sweetens Its $1.3 Billion Offer for Endemol

Dec 12, 2011  •  Post A Comment

Time Warner revised its offer for reality producer Endemol, offering the Dutch company $1.3 billion in cash, reports Bloomberg.

While it’s the same amount Time Warner had previously offered, this time the U.S. media company is offering all cash, whereas it previously had included some debt in the offer, the story notes.

Endemol is currently trying to reach an agreement with lenders about reorganizing 2.8 billion euros in debt, the story says. Because of widening losses, Endemol may be at risk of breaching covenants on its loans, the piece adds.

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