Dutch-based media company Endemol Shine Group is reportedly looking for a new owner.
According to a CNBC report, the producer behind MasterChef and Big Brother has hired Deutsche Bank and Liontree to find a buyer to purchase the company which could be valued between $2.5 billion and $4 billion, including debt.
Endemol is equally co-owned by 21st Century Fox and Apollo Global Management. Finding a single buyer could “simplify ownership and marry Endemol’s content portfolio” said CNBC.
According to the report, both Fox and Apollo have agreed to sell their stakes if a buyer comes forward. Fox is not interested in purchasing the whole company and agreed to sell its 50% stake to Disney in December 2017 as part a proposed sale of Fox assets to Disney.
Realscreen reached out to a spokesperson for Endemol, but they declined to comment.
In 2017, Endemol produced more than 800 productions, in 79 territories airing on more than 287 channels around the world.
In 2014, Shine Group, then owned by Fox, merged with Endemol and Core Media Group, then controlled by Apollo. Endemol Shine Group began its formal operations as a merged entity in January of 2015