ITV plc secures full ownership of GMTV

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  A0235-231116
 
Acquirer:  ITV plc
ACQ Web:  http://www.itv.com
Location:  United Kingdom, London
Region:  Europe
Description:  Network of British commercial television broadcasters
Category:  Media: Entertainment
Contact 1:  ITV has made a one-off cash payment of £18m for Disney¹s 25% stake in GMTV, together with a further one-off payment of £4.25m in respect of Disney¹s share of the forecast cash balance in the business as at the year end.
 
Vendor:  The Walt Disney Company Limited
Vendor Web:  http://www.disney.com
Location:  USA, Burbank, CA
Region:  North America
Description:  Largest media and entertainment conglomerate in the world
Category: Media: Entertainment
Contact 1:  Bob Iger, President & CEO
Contact 2:  John E. Pepper, Jr., Chairman

Aprox. Value:  A one-off cash payment of £18m for Disney’s 25% stake in GMTV, together with a further one-off payment of £4.25m in respect of Disney’s share of the forecast cash balance in the business as at the year end.
 
Details:  ITV plc today announces that, via its wholly owned subsidiary ITV Broadcasting Limited, it has secured full ownership of GMTV Limited, the national breakfast-time Channel 3 licensee, having acquired the remaining 25% equity stake in the business from The Walt Disney Company Limited and one of its subsidiaries.
 
Link: Guardian

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