Entertainment One contacts media companies over potential sale
FTSE 250 film and television group Entertainment One has reportedly spoken to media companies Sky and Vivendi about a potential sale.
Entertainment One Limited
557.00p
16:35 27/12/19
0.00%
0.00p
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
n/a
Media
11,718.72
17:10 19/04/24
-0.58%
-67.97
According to the Sunday Telegraph, while Sky thought to have shown little interest, French company Vivendi appears to be a much more suitable option.
However, the newspaper said it was understood that at present no discussions between the two have been entered into.
One source said that Entertainment One is not currently looking to be acquired.
The company's largest shareholder Marwyn did say that it "continues to be excited by the scale of opportunity that faces Entertainment One going forward".