Shine on the market?

London's Daily Telegraph is reporting that Rupert Murdoch's News Corp is in talks to acquire daughter Elisabeth Murdoch's Shine Group.
January 14, 2011

London’s Daily Telegraph is reporting that Rupert Murdoch’s News Corp is in talks to acquire daughter Elisabeth Murdoch’s Shine Group.

Shine, one of the UK’s biggest superindies and owner of the MasterChef format, is 60% owned by Ms. Murdoch, with Sony Pictures Television International currently owning 20%, BSkyB owning 13% and the remainder owned by management. Its worth is projected to be between £600 million and £800 million.

The Telegraph also reports that News Corp is not the only company that has held talks with Shine for a potential acquisition. The Hollywood Reporter received comment from Shine that “given the current consolidation within the international production sector” it has retained JP Morgan to advise the company on “strategic options and growth opportunities.”

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.