The long-running saga over the ownership of All3Media is over, with private investment company RedBird IMI buying the European production and distribution group for £1.15bn (US$1.45bn).
The private investment company, led by former CNN chief Jeff Zucker and Gerry Cardinal, has been in pole position in the protracted takeover battle since the end of last year and confirmed the deal today.
All3Media, which counts hit format The Traitors as part of its catalogue, was jointly owned by Warner Bros Discovery and John Malone’s Liberty Global. It comprises more than 50 production companies, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions.
Zucker, the CEO of RedBird IMI, will become the chairman of the All3Media board. Jane Turton (CEO) and Sara Geater (chief operating officer) will continue to lead the company for RedBird IMI.
Private investment firm RedBird IMI acquires All3Media in $1.45bn deal
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