ITV completes Talpa acquisition

UK broadcaster ITV has completed the acquisition of Dutch producer and The Voice creator Talpa Media. (Pictured: Talpa owner John de Mol)
May 5, 2015

UK broadcaster ITV has completed the acquisition of Dutch producer and The Voice creator Talpa Media.

ITV confirmed the completion of the £355 million (US$531.68 million) deal – which was first announced in March - through a London Stock Exchange news release.

“The acquisition is a further milestone in the company’s strategy of building an international content business that creates and owns entertainment formats and dramas that sell internationally, and significantly strengthens ITV’s position as a leading producer in Europe,” reads the statement.

ITV made an initial payment of £355 million for the Dutch producer-distributor, indicating that further payments would be “dependent on Talpa’s future performance.”

As reported in March, a maximum total – including the initial payment – for the prodco is approximately £781 million (or approximately $1.17 billion), though this figure is contingent on Talpa delivering “significant profit growth” over an eight-year period as well as Talpa owner John de Mol (pictured) remaining with the business during that period.

The Talpa acquisition is the latest and largest in a string of deals made by ITV in recent years. The company paid $360 million for Leftfield Entertainment in May 2014, and has also added such companies as ThinkFactory Media, Gurney Productions, The Garden, DiGa Vision and High Noon Entertainment to its roster.

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.