/// Time Warner Bids €1 Billion for Endemol

November 7, 2011  |  Media Week

Time Warner has made an unsolicited offer of €1 billion ($1.4 billion) for the Dutch TV company behind Big Brother and Deal or No Deal . The Financial Times reports that the offer could spark off a bidding war between Time Warner and Endemol’s current owners, Mediaset, the Italian media empire controlled by Silvio Berlusconi. Endemol spokesman Charlie Armitstead has confirmed the bid. “We have received an approach,” Armitstead told the Guardian . “It will now be put forward to Endemol's lenders to consider. It doesn't come as a surprise – Endemol is an attractive asset.” Mediaset led a joint venture to buy Endemol for $3.6 billion in 2007. Mediaset now owns around a third of the company

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Time Warner Bids €1 Billion for Endemol

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