ITV Has "No Current Intention" of Bidding for Endemol Shine

Carolyn McCall Chief Executive Officer easyJet Airline - Getty - H 2018
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"In light of continued press speculation, ITV confirms that it has no current intention of making a bid," the U.K. TV giant says about the producer of 'Big Brother,' 'MasterChef' and 'Black Mirror.'

U.K. TV giant ITV said Wednesday that it isn't planning to submit a takeover offer for Endemol Shine Group, the producer of such shows as Big BrotherMasterChefBlack Mirror and Peaky Blinders.

"In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group," which went on the auction block earlier this year, the company said.

Big-name companies mentioned as possible suitors have included ITV, Lionsgate, RTL Group’s FremantleMedia, Banijay Group and Liberty Global/Discovery Communications’ All3Media.

Endemol Shine was formed four years ago when Fox struck a deal with private equity firm Apollo Global Management to merge Dutch group Endemol (Big Brother) and Shine, the Elisabeth Murdoch-founded British producer behind The Biggest Loser, with American Idol parent Core Media. 

Asked about reports suggesting that ITV would bid for Endemol Shine, ITV CEO Carolyn McCall last month said: "That’s speculation. We never, ever comment on speculation." She added that "the most important thing for us is that we can organically grow (ITV) Studios." She also highlighted the company's "incredibly disciplined" approach to deals.

Analysts expect a decision on the future of Endemol Shine later this year.