Itv Withdraws Proposal To Acquire Eone

Earlier this month, Toronto-based media conglomerate Entertainment One rejected a takeover approach from UK broadcaster ITV. The British company today says it is withdrawing its bid altogether. Its proposal valued the global film and TV indie at about £1B ($1.3B) and eOne at the time said the offer "fundamentally undervalues the company and its prospects." ITV evidently disagrees. In a statement, the company said today that it “continues to believe in the strategic logic…

Topics:  toronto-based   entertainment one   uk   itv the british   £1b   itv   tv   proposal   eone   company   today   
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