ITV's Talpa Media Takes Full Control of German Arm
The Dutch reality giant, maker of 'The Voice,' exercises a buyout option to fully acquire Talpa Germany.
Talpa Media, the Dutch reality TV giant recently acquired in a $1.17 billion deal by Britain's ITV, has further consolidated its European operations by taking full control of its German arm, Talpa Germany.
Talpa acquired 49.9 percent of the German outfit, then called Schwartzkopff TV, in December last year. The firm has been Talpa's exclusive production partner in Germany since 2010 and, as Talpa Germany, it produces local versions of company formats The Voice, The Voice Kids and Utopia.
The original deal included a buyout clause, which Talpa has now exercised to take full ownership.
The company is acquiring the remaining 50.1 percent of Talpa Germany from Berlin-based media group Axel Springer, but financial details were not disclosed.