RedBird IMI Close to £1bn Deal for All3Media

Potential takeover unlikely to provoke same level of regulatory scrutiny as Telegraph deal

Abu Dhabi-backed investment group RedBird IMI is in advanced negotiations to purchase UK's largest independent TV production group, All3Media, in a deal worth around £1 billion.
All3Media, which is jointly owned by Warner Bros Discovery and Liberty Global, was put up for sale earlier this year.
Potential buyers such as Banijay, ITV, Goldman Sachs, and Sony have shown interest but backed out due to the high asking price.
All3Media reported revenues of more than £1 billion and profits of more than £100 million in 2022.
RedBird IMI's potential takeover of All3Media is unlikely to provoke the same level of political and competition concerns as its deal to take control of the Telegraph and Spectator magazine.