Bidders Line Up for Endemol Shine

Jul 9, 2018  •  Post A Comment

Early suitors for Endemol Shine, the production company behind “Big Brother,” “MasterChef” and “Black Mirror,” include Sony Pictures Entertainment and Lionsgate, Variety reports.

“Based in the Netherlands, Endemol Shine is jointly owned by 21st Century Fox and Apollo Global Management,” Variety notes. “Fox’s 50% share of the company had been slated to be part of the pending acquisition of 21st Century Fox assets by Disney. But Fox and Apollo last month retained Deutsche Bank and Aryeh Bourkoff’s Liontree to handle a sale.”

The report adds: “Endemol Shine CEO Sophie Turner Laing and other execs have in recent weeks been on a roadshow pitching the company to prospective bidders in the U.K. and U.S. Interested parties have been asked to submit expressions of interest by the end of [this week] in order to get access to a deeper look at the company’s books. One source familiar with the process said the information presented to date indicated a valuation in the $2 billion range although the asking price is expected to be higher.”

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