Time Warner eyes Endemol acquisition

Time Warner has posted an unrequested bid to get Nederlander unscripted TV production giant Endemol.A spokesperson for Endemol confirmed the bid and released the next statement: "We now have received a strategy from Time Warner which does not come like a surprise - Endemol is carrying out well and it is a very attractive resource." A spokesperson for Time Warner rejected comment. Bid is apparently worth 1 billion Pounds, which comes down to about $1.4 billion in U.S. currency. Endemol continues to be seen as acquisition target trained with is saddled by having an believed $2.8 billion indebted that it's been trying to restructure. The statement continues, "This does not change anything, we remain centered on reaching an answer with loan companies. Individuals discussions keep good progress and that we are certain that a contract will place the business on the firm financial footing and strengthen Endemol's prospects for future years.Inch Endemol is better noted for unscripted TV formats "Your Government" and "Fear Factor" which have offered into numerous nations such as the U.S. It's possessed by Italian firm Mediaset, Goldman Sachs' Capital Partners and Cyrte Opportunities, that is brought by Endemol founder John p Mol. Italian newspaper la Repubblica reported Friday that Mediaset, that is controlled by Silvio Berlusconi, and equity firm Clessidra could also create a go in a controlling curiosity about Endemol. Acquisition could certainly put Endemol within Warner Bros. Worldwide TV arm, growing distribution options worldwide for WBTV programming. Endemol has subsidiaries in 23 nations. Endemol could extend what's been in a foreign shopping spree Time Warner begun this past year. Time Warner-possessed Turner bought Chilean broadcaster Chilevision for $150 million in August 2010 WB clicked up British TV prodco Shed Media ("Supernanny") that same month. Other worldwide purchases Time Warner made that year incorporated in Sweden's Millennium Media Group, India's NDTV Imagine Limited and Bermuda's Central European Media Businesses. Endemol continues to be under interim leadership since Boss Ynon Kreiz walked lower in June. Management got a eco-friendly light from loan companies the 2009 week to increase the waiver of loans for again until mid- November, based on reviews. News was initially reported by Reuters. Contact Andrew Wallenstein at andrew.wallenstein@variety.com