ITV in talks to buy ‘Fleabag’ maker All3Media

ITV is in talks to buy All3Media, a TV and film production business owned by Warner Bros Discovery and Liberty Global.

ITV, which is also 10 per cent owned by Liberty, said on Friday that it was “actively exploring the possible acquisition of All3Media” but added that there “can be no certainty as to whether any transaction will take place, nor as to the terms of any such transaction”.

A tie-up between the two businesses has been mooted for some time given their common shareholder, as well as the need for ITV to bulk up its production arm as its traditional broadcast operations are hit by a slowing advertising market. 

All3Media, the group behind programmes such as Fleabag, is estimated to be worth as much as £1bn by analysts, who have said that Liberty could seek to take a bigger shareholding in ITV as part of a deal.