Last checked at 26 Jul 2013 09:13
26 July 2013
ITV acquires Big Talk
ITV plc today announced that it has acquired 100% of Big Talk Productions and associated companies (Big Talk), the producer of award winning programmes Friday Night Dinner, Him & Her and Rev as well as films including Shaun of the Dead, Hot Fuzz and The World's End.
ITV will pay an initial cash consideration and further capped cash payments contingent on Big Talk's future performance. The initial cash consideration will be dependent on the 2012/13 financial performance and is expected to be in the region of £12.5m. The further capped cash payments are payable on the delivery of significant profit growth over the next five years. The multiple paid is similar to the range paid on our previous acquisitions.
ENDS
For further enquiries please contact:
Investor Relations: Pippa Foulds +44 20 715 76555 or +44 7778 031097
Media Relations: Mary Fagan +44 20 715 73965 or +44 7736 786448
Mike Large +44 20 715 73021 or +44 7768 261528