American investment management firm RedBird IMI closed its USD 1.45 billion acquisition of independent television, film, and digital production and distribution company All3Media, the largest TV producer in the UK.
The acquisition, from Warner Bros. Discovery and Liberty Global, was green-lit by the US, the UK and German regulators.
All3Media is behind popular shows such as The Traitors, Squid Game: The Challenge, The Tourist, and numerous successful movies.
In its biggest completed deal so far, RedBird IMI had previously acquired a stake in production company Media Res earlier this year.
Led by former CNN Worldwide President Jeff Zucker, RedBird IMI is expanding its presence in the production business and eying venture beyond media, as it owns production company EverWonder Studios, children’s entertainment company Hidden Pigeon Company, and digital news outlet Front Office Sports.
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