ITV pulls out of bid for Peppa Pig owner

Entertainment One had rejected £1 billion offer as too low

25th August, 2016
ITV still believes in logic pf Peppa Pig owner deal. Pic: Getty

"ITV continues to believe in the strategic logic and potential benefits of acquiring E One but has a clear view of the value of the business, recognising that this value would need to be verified by appropriate due diligence,” ITV said in a statement.

“It appears this value is different to the level at which the board of E One would currently engage in a more formal process.”

Private equity firm KKR...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Anton Savage: If it doesn’t fit, get out the drillbit

Columnists Anton Savage 2 hours ago

Aidan Regan: Fiscal deficit is not a concern, but we must widen the tax base

Economics Aidan Regan 2 hours ago

Elaine Byrne: FG’s knives come out behind a veil of gentlemanly conduct

Politics Elaine Byrne 2 hours ago

John Walsh: Going electric comes with potential pitfalls as well as benefits

Transport John Walsh 2 hours ago