RedBird IMI in talks to buy UK’s All3Media in $1.3 bln deal -FT

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(Reuters) – Investment group RedBird IMI is in advanced talks to buy UK film and TV production firm All3Media in a deal worth about 1 billion pounds ($1.26 billion), the Financial Times reported on Tuesday, citing people familiar with the matter.

The company, behind hit shows such as “Fleabag” and “Midsomer Murders,” is owned jointly by Warner Bros Discovery (WBD.O) and Liberty Global (LBTYA.O). It reported its best ever year in 2022, with revenue topping $1 billion.

The deal may enter exclusive negotiations before Christmas and other groups are still interested, according to the report.

RedBird IMI is led by former CNN executive Jeff Zucker and backed by Mansour bin Zayed Al Nahyan, a member of the ruling family of Abu Dhabi and the owner of soccer club Manchester City.

Warner Bros Discovery, RedBird IMI and All3Media did not immediately respond to Reuters’ requests for comment.

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